REPORT 


OF 


SPECIAL  COMMITTEE 


APPOINTED  BY  THE  TWELFTH  LEGISLATIVE 
ASSEMBLY  TO  INVESTIGATE 


THE  STATE  TREASURER’S  OFFICE 

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period: 

January  i,  1903,  to  January  1,  1911 


BISMARCK: 

TRIBUNE,  STATE  PRINTERS  AND  BINDERS 

1911. 


REPORT 


OF  SPECIAL  COMMITTEE  APPOINTED  BY  THE 
TWELFTH  LEGISLATIVE  ASSEMBLY  TO  IN- 
VESTIGATE THE  STATE  TREASURER’S 
OFFICE  FOR  THE  PERIOD  COM- 
MENCING JANUARY  1,  1903  AND 
ENDING  JANUARY  1.  1911. 


CONCURRENT  RESOLUTION. 


Whereas,  the  committee  in  the  investigation  of  the  state  treasurer’s 
office  in  its  report  to  the  legislative  assembly  filed  on  February  27,  1911, 
sets  forth  certain  irregularities  in  and  about  the  conduct  of  the  business 
of  said  office  into  which  it  had  not  sufficient  time  to  inquire,  and 

Whereas,  said  committee  in  its  report  recommended  that  a committee 
be  appointed  to  carry  on  the  examination  of  said  office. 

Therefore,  Be  It  Resolved,  by  the  house  of  representatives,  the  senate 
concurring,  that  a committee  of  three,  two  members  of  the  house  and  one 
of  the  senate,  be  appointed  to  carry  on  the  examination  of  the  state  treas- 
urer’s office  in  conformity  with  the  resolution  authorizing  the  appoint- 
ment of  the  committee  which  has  just  reported  in  this  matter,  and  the 
committee  to  be  appointed  aforesaid  is  especially  instructed  to  examine 
the  office  with  reference  to  possible  loss  to  the  state  of  interest  on  state 
funds.  Such  committee  is  authorizzed  to  employ  the  assistance  of  a 
skilled  accountant. 

Be  It  Further  Resolved,  That  such  committee  make  its  report  to  the 
Governor  not  less  than  sixty  days  after  the  close  of  the  present  session. 
A copy  of  such  report  shall  he  mailed  to  each  of  the  members  of  the  legis- 
lative assembly,  such  report  also  to  be  submitted  to  the  next  legislative 
assembly. 

Be  It  Further  Resolved,  That  as  compensation  for  this  work  each  mem- 
ber of  such  committee  he  allowed  five  dollars  per  day. 

Purusuant  to  the  above  resolution  the  speaker  of  the  house  appointed 
as  members  of  said  committee  Frank  E.  Ployhar  and  Harve  Robinson; 
#and  the  president  of  the  senate  appointed  H.  W.  Allen. 


To  His  Excellency,  the  Hon.  John  Burke,  Governor,  Senate  and 
House  of  Representatives  of  the  State  of  North  Dakota : 

Gentlemen  : — Your  committee  begs  leave  to  report  that  immed- 
iately after  adjournment  of  the  legislature,  said  committee  met  and 
organized  by  electing  Frank  E.  Ployhar,  chairman,  and  H.  W.  Allen, 
secretary.  After  organizing  the  committee  secured  the  services  of 
Mr.  D.  D.  Devine  of  St.  Paul,  Minnesota,  an  expert  accountant,  and 
proceeded  with  the  work  as  authorized  by  the  concurrent  resolution. 


4 


REPORT  OF  SPECIAL  COMMITTEE 


Before  proceeding  with  the  details  of  the  investigation  we  quote 
sections  of  law  from  the  Revised  Codes  of  1905  governing  the  col- 
lection of  state  taxes,  in  -order  to  give  the  exact  procedure  required 
by  law,  and  show  each  and  every  instance  that  came  under  our 
observation  in  the  nature  of  errors  and  omissions : 

ARTICLE  8.  STATE  ACCOUNTS  WITH  COUNTIES. 

Sec.  2379.  Auditor  to  keep  account  with  each  organized  county. 
The  state  auditor  shall  keep  an  account  with  each  organized  county 
of  the  state  in  which  each  county  shall  be  charged  with  the  amount 
of  delinquent  tax  now  due  the  state  and  with  all  sums  hereafter 
levied  in  each  county  for  state  purposes  ;'and  credited  with  all  sums 
paid  into  the  state  treasury  on  account  of  such  taxes. 

Sec.  23 32.  Auditor  to  deliver  to  state  treasurer  order  on  county 
treasurer  to  furnish. 

He  shall  require  the  several  county  treasurers  to  furnish  him  with 
a statement,  attested  by  the  county  auditor,  on  the  15th  day  of  each 
month,  showing  the  amount  of  state  taxes  collected  during  the  pre- 
ceding calendar  month,  and  the  October  statement  shall  be  an 
abstract  of  the  total  receipts  by  the  county  treasurer  for  the  preced- 
ing year. 

Sec.  2382.  Auditor  to  deliver  to  state  treasurer  order  on  county 
treasurer. 

The  state  auditor  shall  immediately  after  receiving  the  statement 
provided  for  in  the  preceding  section,  draw  and  deliver  to  the  state 
treasurer  an  order  on  each  county  treasurer  for  the  amount  so  certi- 
fied as  collected  for  the  state,  and  charge  the  state  treasurer  with  the 
same,  giving  the  county  credit  for  the  amount  and  sending  to  the 
county  auditor  of  each  county  a duplicate  of  such  order  or  draft. 

Sec.  23 8 3 . State  treasurer  to  notify  county  treasurer. 

The  state  treasurer  shall  notify  each  county  treasurer  of  the 
amount  of  such  draft  or  order  and  designate  the  manner  in  which 
the  money  shall  be  forwarded  to  him,  and  upon  receipt  of  the  same 
shall  forward  such  draft  or  order  to  the  county  treasurer  with  his 
endorsement,  and  such  draft  or  order  shall  be  the  county  treasurer’s 
receipt  for  the  amount  stated.  All  funds  collected  by  or  in  the  hands 
of  the  treasurer  of  any  county  in  this  state  shall  be  promptly  remitted 
by  such  county  treasurer  without  expense  to  the  state,  and  at  the 
risk  of  the  county  treasurer,  for  which  the  county  treasurer  shall  be 
allowed  his  actual  expenses  by  the  board  of  county  commissioners. 

COUNTY  TREASURER’S  REPORTS. 

The  first  work  taken  up  by  the  committee  was  the  examination  of 
the  county  treasurer’s  reports  from  the  various  counties  in  the  state 
of  the  amount  of  state  taxes  collected,  and  found  the  following 
omissions  or  errors : 


REPORT  OF  SPECIAL  COMMITTEE 


5 


Stutsman  County,  collections  for  April,  1 9 08 , uncollected.  .$  95.00 
Richland  County,  collections  for  April,  1908,  uncollected..  525.05 
These  amounts  will  be  paid  as  soon  as  the  proper  draft  is  made  by 
the  state  auditor  as  the  following-  letters  indicate: 

Jamestown,  North  Dakota,  March  20th,  1911. 
D.  K.  BRIGHTBILL,  State  Auditor, 

Bismarck,  N.  D. 

Dear  Sir: — In  checking  over  our  ledger  as  per  your  request  of  March 
18th,  we  find  that  we  are  long  the  sum  of  $95  on  the  April  report  of  school 
funds. 

Resp-cctfully  yours, 

W.  W.  FORD, 
County  Treasurer. . 


Office  of  the  State  Auditor,  Bismarck,  N.  D.,  March  27,  1911. 
KARL  MIKKELSON, 

Wahpeton,  North  Dakota. 

Dear  Si-r: — Under  the  date  of  May  20th,  1908,  Stephen  Braun,  as  treas- 
urer of  Richland  County,  mailed  me  the  report  of  taxes  due  the  state  for 
the  month  of  April,  1908,  to  be  $525.05. 

In  checking  up,  the  expert  accountants  do  not  seem  to  be  able  to  locate 
that  draft  covering  this  amount  and  I would  appreciate  it  very  much  if 
you  would  let  me  know  if  we  have  failed  to  draw  on  you  for  the  April 
report. 

I shall  appreciate  a reply  at  your  earliest  convenience.  I am, 

Yours  very  truly, 

D.  K.  BRIGHTBILL, 

State  Auditor. 


Office  of  County  Treasurer, 
Wahpeton,  North  Dakota,  March  28,  1911. 
MR.  D.  K.  BRIGHTBILL,  Bismarck,  N.  D. 

Sir: — Your  letter  of  the  27th  at  hand  and  contents  noted.  With  refer- 
ence to  the  amount  due  you  for  April  collections  in  the  year  1908  will  say 
that  you  have  a balance,  for  the  amount  that  you  stated,  $525.05.  Will  be 
glad  to  have  you  draw  on  us  at  any  time  you  see  fit. 

Yours  respectfully, 

K.  L.  MIKKELSON,  Treasurer. 

By  W.  G.  Worner,  Deputy. 


collection;  of  school  land  funds. 

In  connection  with  the  checking  of  the  county  treasurers  reports 
to  the  state  land  commissioner,  our  attention  has  been  called  to  the 
unusual  lapse  of  time  before  said  funds  were  covered  into  the  state 

treasury. 

For  instance,  the  collection  for  Cavalier  county  for  December, 
1902,  school  fund  amounted  to  $61,544.99.  This  report  was  received 
by  land  commissioner  Jan.  15,  1903,  draft  No.  5967  was  drawn  for 
this  amount  on  April  22,  1903,  being  a loss  of  ninety-one  days  inter- 
est at  3 per  cent,  or  $461.58. 


6 


REPORT  OF  SPECIAL  COMMITTEE 


The  collection  for  Bottineau  county  for  December,  1908,  school 
fund,  amounted  to  $147,493.11.  This  report  was  received  by  the 
land  commissioner  from  the  county  treasurer  of  Bottineau  county 
January  13,  1909.  Draft  No.  9493  was  drawn  for  this  amount  on 
March  12,  1909,  being  a loss  of  sixty  days  interest  at  3 per  cent,  or 
$737.46. 

The  collection  for  Stutsman  County  for  May,  1909,  school  fund 
amounted  to  $72,491.58.  This  report  was  received  by  the  land  com- 
missioner June  17,  1909.  Draft  No.  9875,  drawn  for  this  amount 
Sept.  13,  1909,  a loss  of  $519.50  interest  to  the  state. 

Below  is  given  a partial  list  of  the  various  delinquent  collections 
that  have  come  under  our  observation : 


COUNTY 

DATE 

Amount 

Co.  Treas. 
Report  Re- 
ceived by 
Land  Dept. 

State 

Auditor’s 

Draft 

Draft 

No, 

Cavalier  

....  Dec.  ’02 

61,544.99 

l-15-’03 

4-22-’03  | 

5967 

Grand  Forks  . 

8,966.92 

l-21-’03 

4-2  2-’ 03 

5966 

Nelson  

20,367.47 

l-13-’03 

3-14-’03 

5933 

Ramsey  

Dec.  ’02 

64,540.93 

l-31-’03 

4-22-’03 

5959 

Towner  

48,739.59 

1-  9-’03 

3-18-’03 

5952 

Walsh  

Dec.  ’02 

33,960.43 

1-  3-’03 

4-14-’03 

5960 

Cavalier  

28,691.53 

2-14-’03 

4-22-’03 

5965 

Grand  Forks  . . 

35,289.48 

3-ll-’03 

4-22-’03 

5964 

Ramsey  

Jan.  ’03 

6,661.65 

2-28-’03 

4-22-’03 

5963 

Walsh  

Jan.  ’03 

29,715.49 

2-24-’03 

4-14-’03 

5962 

Grand  Forks  . 

43,736.64 

2-29-’04 

4-25-’04 

6591 

Ramsey  

31,584.65 

2-25-’04 

6-  4-’04 

6590 

Ramsey  

78,212.67 

l-28-’05 

4-2  5-’ 05 

7089 

Ramsey  

Jan.  ’05 

27,375.69 

3-  9-’05 

4-25-’05 

7090 

Cavalier  

July  ’07 

2,789.23 

10-15-’*07 

7-2  3-’ 08 

8953 

Benson  

32,655.33 

l-18-’09 

3-12-’09 

9492 

B'ottineau  .... 

147,493.11 

l-13-’09 

3-12-’09 

9493 

Burleigh  

....  Dec.  ’08 

3,801.31 

l-4-’0'9 

3-12-’09 

9491 

Cass  

Dec.  ’08 

34,717.13 

l-15-’09 

3-12-’09 

9494 

Cavalier  

Dec.  ’08 

45,913.35 

l-27-’09 

3-12-’09 

9495 

Dickey  

13,019.77 

l-18-’09 

3-15-’09 

9496 

Foster  

Dec.  ’08 

7,754.30 

l-20-’09 

3-15-’09 

9500 

Grand  Forks  . 

18,627.50 

l-18-’09 

3-15-’09 

9501 

DaMoure  

Dec.  ’08 

4,009.91 

l-12-’09 

3-15-’09 

9505 

McHenry  

Dec.  ’08 

6,862.09 

l-18-’09 

3-15-09 

9507 

Morton  

1,966.91 

l-19-’09 

3-15-’09 

9512 

Nelson  

18,637.92 

l-15-’09 

3-16-’09 

9513 

Pembina  

4,861.69 

2-  2-’09 

3-16-’09 

9515 

Pierce  

13,054.68 

2-  l-’09 

3-16-’09 

9516 

Ramsey  

20,956  06 

2-ll-’09 

3-16-’09 

9517 

Ransom  

9,796.96 

1-1 5-’ 09 

3-16-’09 

9518 

Richland  

Dec.  ’08 

13,266.28 

1-1 6-’ 09 

3-16-’09 

9519 

Steele  

Dec.  *’08 

11,455.19 

l-18-’09 

3-16-’09 

9521 

Stutsman  

12,232.71 

2-12-’09 

3-16-’09 

9522 

Towner  

23,367.49 

l-ll-’09 

3-16-’09 

9524 

Traill  

16,638.97 

l-15-’09 

3-16-’09 

9525 

Walsh  

Dec.  ’08 

16,428.02 

| l-16-’09 

3-16-’09 

9528 

REPORT  OF  SPECIAL  COMMITTEE 


COUNTY 

DATE 

Amount 

Co.  Treas 
Report  Re- 
ceived by 
Land  Dept. 

State 

Auditors 

Draft 

Wells  

8,674.47 

l-22-’09 

3-16-’09 

Barnes  

| 25,215.26 

2-13-’09 

5-14-’09 

Benson  

. . Jan.  ’0i9 

13,811.69 

2-1 7-’ 09 

5-1 5-’ 09 

Bottineau  

Jan.  ’09 

5,754.52 

2-15-’09 

5-15-’09 

Cass  

23,867.19 

2-16-’09 

5-15-’09 

Cavalier  

. . . . Jan.  ’09 

52,551.01 

2-20-’09 

5-15-’09 

Eddy  

. . . Jan.  ’09 

1,851.67 

2-18-’09 

5-15-’09 

Foster  

9,763.93 

2-26-’09 

5-15-’09 

Grand  Forks  . . . 

. . . . Jan.  ’09 

22,515.45 

2-23’09 

5-1 5-' 09 

Griggs  

4,210.10 

2-15-’09 

| 5-15-’09 

Hettinger  

. . . Jan.  ’09 

2,036.38 

2-  3-’09 

5-15-’09 

LaMoure  

. . . Jan.  ’09 

4,662.86 

2-13-’09 

5-15-’09 

Logan  

1,772.40' 

2-13-’09 

5-15-’09 

McHenry  

9,839.82 

2-18-’09 

5-15-’09 

McLean  

5,294.69 

3-  5-’09 

5-15-’09 

Morton  

. . . . Jan.  ’09 

2,329.39 

2-23-’09 

5-15-’09 

Nelson  

. . . Jan.  ’09 

33,731.04 

2-16-’09 

5-15-’09 

Pembina  

. . . Jan.  ’09 

15,980.04 

2-17-’09 

5-15-’09 

Pierce  

. ...  Jan.  ’09 

9,872.00 

2-13-’09 

5-15-’09 

Ramsey  

. . . Jan.  ’09 

33,465.61 

2-18-’09 

5-17-’09 

Ransom  

11,619.35 

2-16-’09 

5-17-’09 

Richland  

. . . Jan.  ’09 

9,746.18 

2-15-’09 

5-17-’09 

Rolette  

Jan.  ’09 

4,945.32 

2-17-’09 

5-17-’09 

Sargent  

1,341.45 

2-15-’09 

5-17-’09 

Steele  

7,400.23 

2-17-’09 

5-17-’09 

Stutsman  

. . . . Jan.  ’09 

13,970.79 

5-18-’09 

6-  8-’09 

Towner  

29,802.87 

2-19-’09 

5-17-’09 

Traill  

. . . Jan.  ’09 

4,860.26 

2-16-’09 

5-17-’09 

Walsh  

20,025.90 

3-17-’09 

5-17-’09 

Ward  

1,906.00 

3-25-’09 

5-17-’09 

Wells  

7,400.56 

2-25-’09 

5-17-’09 

Barnes  

. . . Feb.  ’09 

15,220.55 

3-22-’09 

5-17-’09 

Cavalier  

. ..  Feb.  ’09 

6,326.91 

4-  l-’09 

5-17-’09 

LaMoure  

...  Feb.  ’09 

26,693.56 

3-19-’09 

5-17-’09 

Ransom  

...  Feb.  ’09 

11,094.94 

4-  5-’09 

5-17-’09 

Sargent  

. . . Feb.  ’09 

20,892.05 

3-17-’09 

5-17-’09 

Towner  

. . Feb.  ’09 

3,331.91 

4-12-’09 

5-17-’09 

Ward  

. March  ’09 

4,468.22 

5-21-’09 

9-23-’09 

Bottineau  

. March  ’09 

36,144.68 

4-21-’09 

6-  8-’09 

Rolette  

. March  ’09 

13,545.23 

4-27-’09 

6-  9-’09 

Towner  

. March  ’09 

27,701.75 

4-21-’09 

6-  8-’09 

McHenry  

. . April  ’09 

66,121.26 

5-17-’09 

6-25-’09 

Towner  

. . April  ’09 

4,607.38 

5-14-’09 

6-25-’09 

Ward  

225,347.58 

5-16-’09 

6-14-’09 

Wells  

. . April  ’09 

99,903.82 

5-21-’09 

6-25-’09 

Morton  

. . .:  May  ’09 

4,934.63 

6-16-’09 

9-10-’09 

Cavalier  

3,055.18 

6-16-’09 

9-ll-’09 

Stutsman  

. . . May  ’09 

72,491.58 

6-17-’09 

9-13-’09 

McHenry  

. . . June  ’09 

10,148.56 

7-12-’09 

9-15-’09 

Ward  

3,464.86 

9-  l-’09 

ll-12-’09 

Foster  

...  Feb.  TO 

| 68,186.91 

1 

4-  1-TO 

1 

5-  9-TO 

Draft 

No. 


9530 

9648 

9649 

9651 

9654 

9655 

9658 

9660 

| 9662 

| 9661 

| 9663 

| 9665 

| 9667 

| 9667 

| 9670 

j 9672 
I 9673 
[ 9675 

I 9676 
| 9677 

| 9678 

| 9679 

| 9680 

| 9681 

| 9683 

| 9734 

| 9684 

| 9686 

j 9687 
| 9685 

| 9688 

[ 9690 

| 9695 

j 9700 
| 9708 

| 9711 

| 9713 

| 10049 
! 9735 

| 9737 

J 9736 
| 9759 

j 9761 
| 9758 

| 9760 

| 9823 

| 9849 

| 9875 

| 9941 

| 10198 
| 10660 


8 


REPORT  OF  SPECIAL  COMMITTEE 


Allowing  ten  days  as  a reasonable  time  from  the  receipt  of  the 
statement  of  collections  from  the  county  treasurers  until  the  drawing 
of  the  draft  by  the  state  auditor,  we  have  computed  the  interest  for 
the  balance  of  the  time  on  the  accompanying  list  of  delinquent  col- 
lections at  3 per  cent  and  we  make  the  loss  to  the  state,  $9,468.87. 

To  make  this  clear,  if  the  collections  were  made  within  ten  days 
of  their  receipt  the  money  would  have  been  deposited  to  the  credit 
of  the  state  at  3 per  cent  and  would  have  earned  the  $9,468.87.  If 
this  were  a complete  list  the  amount  would  be  materially  increased. 

The  statutes  are  very  indefinite  as  to  the  manner  and  time  that  the 
land  commissioner  shall  have  in  covering  these  funds  in  the  state 
treasury,  but  it  is  the  opinion  of  your  committee  that  the  above  list 
is  self-explanatory  and  that  more  than  a reasonable  amount  of  time 
has  been  used  in  making  the  returns-  to  the  state  treasurer. 

PERMANENT  SCHOOL  FUNDS  AND  STATE  INSTITU- 
TION INVESTMENTS. 

The  checking  of  this  fund',  was  a gigantic  task,  as  one  can  readily 
see  from  the  fact  that  the  interest  for  the  year  1910  alone  aggre- 
gated $187,373.46,  most  of  which  was  in  small  installments  of  $10.00 
and  upwards,  and  covered  a period  of  eight  years,  during  all  of 
which  time  this  fund  has  never  been  checked.  Considering  the 
large  amount  of  money  involved  the  interest  checked  out  remarkably 
well.  Below  are  quoted  the  omissions  and  errors : 

School  District  41,  Pembina  County.  Coupon  due  Sept. 

1st,  1903 : $ 90.00 

(Collected  but  not  credited. 

Bowen  School  District  62,  Sargent  County,  coupon  due 

Nov.  1,  1903 ' 28.00 

(Collected  but  not  credited.) 

School  District  7,  Towner  County,  coupon  due  Oct.  1,  1903  42.00 

Coupon  due  Jan.  15,  1904 70.00 

(Collected  but  not  credited.) 

Isabell  District  23,  Benson  County,  coupon  due 

July,  1904 7 $24.00 

Paid  July  7,  1904 14.00 


Balance  

St.  Joseph  District  25,  Ward  County,  coupon 

due  Jan.  1,  1905 $12.00 

Credited  Jan.  14 2.00 


Balance  

Roosevelt  District  58,  Ward  County,  coupon 

due  Feb..  1907 $40.00 

Credited  Feb.  16,  1907 10.00 


$30.00 


$10.00 


$10.00 


Balance 


REPORT  OF  SPECIAL  COMMITTEE 


9 


Romness  District  9,  Griggs  County,  coupon 


due  July,  1907 

Coupon  due  July,  1907 

. . . .$29.19 
. . . . 15.00 

Credited  July  6,  1907 

$43.19 
33.19 

Balance  

$10.00 

School  District  14,  Cass  County,  coupon 

Jan.  1,  1908 : 

•Credited  Jan.  7,  1908 

due 

$24.30 

21.50  * 

Balance  

o 

o 

Lockwood  District  69,  Ward  County,  coupon 

due  July,  1908 ' $32.00 

Credited  Aug.  10,  1908 20.00 

Balance  . . $12.00 

District  77,  Ward  County,  January  coupon  1.  . .$29.99 
January  • coupon  8 20.00 


Credited  Jan.  9,  1909 


$19.99 

41.66 


Balance  • $ 8.33 

District  Spring  Lake,  McLean  County,  coupon 

No,  12 $38.00 

Credited  Aug.  10,  1909 18.00 


Balance  $20.00 


Total  $333.33 

As  a result  of  the  investigation,  Mr.  D.  H.  McMillan,  former 
treasurer,  has  covered  $240.00  into  the  state  treasury  to  cover  the 
omissions  during  his  term  of  office.  The  balance  of  $93.33  has  not 
yet  been  paid.  , Of  this  amount  Mr.  Albert  Peterson  owes  the  state 
$65.00  and  Mr.  G.  L.  Bickford  $28.33. 

REPUDIATED  BONDS. 

Bonds  Nos.  1 to  13  inclusive,  amounting  to  $5700.00,  were  issued 
Jan.  28,  1892,  by  School  District  No.  50,  Barnes  County,  North 
Dakota.  On  August  8,  1893,  'one  year’s  interest  at  7 per  cent, 
amounting  to  $399.00,  was  paid  by  said  district  and  nothing  has  ever 
been  paid  to  apply  on  principal  or  interest  since  that  date. 

The  state  of  North  Dakota  by  its  Attorney  General  brought  an 
action  against  School  District  No.  50,  Barnes  County,  for  the  recov- 
ery of  the  amount  due  on  the  bonds.  The  action  was  tried  before 


10 


REPORT  OF  SPECIAL  COMMITTEE 


Hon.  E.  T.  Burke,  Judge  of  the  Fifth  Judicial  District,  and  judg- 
ment entered  for  the  defendant.  From  this  decision  the  state 
appealed,  and  in  an  opinion  handed  down  by  the  Supreme  Court, 
March  13,  1909,  (See  18  N.  D.  page  616)  the  judgment  of  the  lower 
court  was  affirmed. 

FEES  COLLECTED  BY  INSURANCE  COMMISSIONER. 

We  quote  from  the  Revised  Codes  of  the  State  of  North  Dakota 
for  1905. 

Sec.  379.  . Record  of  Fees.  Penalty. 

Every  state  auditor  or  deputy  state  officer  required  by  Section  84 
of  the  constitution  of  this  state,  or  by  any  provision  of  the  laws  of 
this  state  to  cover  into  the  state  treasury  all  fees  and  profits  arising 
from  such  office,  shall  keep  a record  of  all  such  fees- or  profits  in  a 
book  kept  for  that  purpose,  which  book  shall  be  the  property  of  the 
state.  They  shall  report  to  the  state  treasurer  monthly  the  amount 
of  such  fees  or  profits  received  verified  by  oath,  and  at  the  same  time 
pay  the  amount  of  such  fees  or  profits  to  the  treasurer,  taking  dupli- 
cate receipt  therefor,  one  of  which  shall  be  filed  with  the  state 
auditor,  and  the  auditor  shall  charge  the  treasurer  with  the  amount 
thereof.  Any  person  violating  the  provisions  of  this  section  shall 
be  deemed  guilty  of  a misdemeanor,  and  upon  conviction  shall  be 
fined  in  the  sum  of  not  less  than  fifty  dollars,  nor  more  than  one 
hundred  dollars,  in  the  discretion  of  the  court  wherein  he  is  con- 
victed. 

Below  we  give  the  amount  of  the  monthly  collections  received  by 
the  commissioner  of  insurance  and  the  date  they  were  paid  into  the 
state  treasurer.  Some  of  the  monthly  balances  have  been  held  for  a 
considerable  length  of  time  at  a loss  of  interest  to  the  state. 

For  instance,  the  February,  19.08,  collection,  amounting  to 
$75,820.56,  was  turned  into  the  state  treasurer  on  April  14,  1908,  six 
weeks  late,  at  a loss  of  interest  to  the  state  of  $262.44. 

Another  instance  is  that  of  the  February,  1909,  collection,  amount- 
ing to  $49,733.06,  -was  turned  in  April  1,  1909,  or  thirty  days  pa^t 
due,  at  a loss  of  interest  to  the  state  of  $124.33. 


REPORT  OF  SPECIAL  COMMITTEE 


11 


Month  Collected 


Amount 

Date  Paid 
State  Treas. 

$ 7,050.48 

1-31-03 

27,787.84 

3-9-03 

16,163.51 

3-31-03 

7,984.89 

5-4-03 

895.53- 

6-2-03 

603.00i 

7-1-03 

129 7.0 O' 

8-1-03 

299.80' 

9-1-03 

326.00' 

10-1-03 

546.48 

10'-31-03 

251.00 

11-30-03 

110.00 

1-2-04 

9,935.46 

2-2-04 

28,930.04 

3-2-04 

14,425.51 

4-1-04 

7,113.96  | 

5-3-04 

2,357.62  | 

6-1-04 

930.20  | 

7-2-04 

394.00  | 

7-30-04 

217:90  | 

8-31-04 

286.00 

10-5-04 

231.70  | 

11-1-04 

322.00  | 

12-2-04 

199.00  | 

12-30-04 

25,580.65  | 

2-4-05 

24,143.27  1 

3-6-05 

7,596.25  | 

4-1-05 

2,935.15  | 

5-2-05 

1,058.84  | 

6-3-05 

2,303.36  | 

7-7-05 

8,656.60  | 

8-2-06 

614.00  | 

9-6-05 

406.87  | 

11-3-05 

499.00  | 

11-3-05 

454.25  | 

12-6-05 

149.00  | 

1-9-06 

1,689.56  ) 

2-21-06 

33,971.46  | 

3-17-06 

11,248.24 

4-10-06 

32,141.48  [ 

5-10-06 

786.00  | 

6-23-06 

2,527.90  | 

8-21-06 

507.80  | 

8-21-06 

698.00  | 

9-21-06 

555.00  | 

1 1-17-06 

471.35  1 

11-17-06 

413.00  | 

12-20-06 

558.00  | 

247-0'7 

3,501.10  | 

3-11-07 

56,273.80  | 

4-2-07 

25,544.6|4  | 

5-8-07 

1,071.60  | 

5-25-07 

8,281.09  | 

6-29-07 

762.67  | 

8-6-0'7 

574.00  | 

9-28-07 

591.00  | 

9-28-07 

095.76  1 

11-25-07 

January,  19 03 . . . 
February,  1903. 

March,  1903 

April,  1903 

May,  1903 

June,  1903 

July,  1903 

August,  1903.... 
September,  1903. 
October,  1903... 
November,  1903. 
December,  1903. 
January,  1904... 
February,  1904.. 

March,  1904 

April,  1904 

May,  1904 

June,  1904 

July,  1904 

August,  1904.... 
September,  1904. 
October,  1904... 
November,  1904. 
December,  1904. 
January,  1905... 
February,  1905.. 

March,  1905 

April,  1905 

May,  1905 

June,  1905 

July,  1905 

August,  1905 

September,  1905. 
October,  1905 . . . 
November,  1906. 
December,  1905. 
January,  1906... 
February,  1906.. 

March,  1906 

April,  1906 

May,  1906 

June,  1906 

July,  1906 

August,  1906.... 
September,  1906. 
October,  1906... 
November,  1906. 
December,  1906. 
January,  1907... 
February,  1907 . . 

March,  1907 

April,  1907 

May,  1907 

June,  1907 

July,  1907 

August,  1907.... 
September,  1907. 


12  REPORT  OF  SPECIAL  COMMITTEE 


* 

Month  Collected 

Amount 

Date  Paid 
State  Treas. 

October.  1907 

587.87 

11-25-07 

Novembber,  1907'. 

411.00 

12-31-07 

December,  1907. 

223.14 

6-8-08 

January,  1908 

4,541.66 

75,821.56 

9,925.52 

8,463.50 

3,547.97 

676.00 

349-08 

February,  1908 

444-08 

March,  1908 • • 

5-26-08 

April,  ' 1908 

5-2.6-08 

May,  1908 

8-31-08 

June,  1908 

8-31-08 

July,  1908 

474.00 

10-28-08 

August,  1908 

471.00 

10-28-08 

September,  1908 

365.00 

10-28-08 

October,  1908 

330.00 

3-3-09 

November,  1908 

2,365.69 

172.58 

3-3-09 

December,  1908 

3-3-09 

January,  1909.‘ 

20,008.55 

49,733.06 

16,302.40 

12,872.0:9 

1,110.00 

9,652.65 

6,027.35 

473.00“* 

3-5-09 

February,  1909 

44-09 

March  1909 . . 

6-2-09 

742-09 

April,  1909 

May,  1909 

743-09 

June,  190'9 

10-2-09 

July,  1909 

10-2-09 

August,  1909 

11-3-09 

*August  24th,  1909 

875.85 

8-24-09 

September,  1909 

476.00 

11-3-09 

* October  2d,  1909 

2,192.59 

572.00 

10-2-09 

October,  1909 

11-3-09 

November,  1909 

438.00 

12-4-09 

December,  1909 

357.00 

2-8-10 

January,  1910 

1,140.80 

43,358.42 

25. 932.05 

40.123.06 
11,885.13  | 
12,532.08 

989.25 

3-29-10 

February,  1910 

4-28-10 

March,  1910 

7-140 

April,  1910 

1 S-31-10 

May,  1910 

8-31-10 

June,  1910 

| 10-19-10 

July,  1910 • • 

! 10-29-10 

August,  1910 

September,  1910 • • * . . . 

| 1,316.94 
| 429.00 

| 10-2940 

10-29-10 
| 12-13-10 

October,  1910 

605.75 

November,  1910 

587.75 

12-13-10 

December,  1910 

382.00 

| 12-30-10 

1 

^Represents  monies  that  a former  legislative  committee  reported 
to  have  been  unlawfully  withheld  by  the  Commissioner  of  Insurance. 


CHECKING  OF  STATE  WARRANTS. 

The  committee  checked  the  state  warrants  for  the  eight  year 
period  called  for  in  the  resolution  and  only  found  two  conflicting 
items.  These  were  warrants  issued  to  the  Bismarck  Tribune  Com- 
pany for  printing  in  process  of  completion  and  were  issued  under 
the'  following  section  of  the  Revised  Codes  of  1905 : 


REPORT  OF  SPECIAL  COMMITTEE 


13 


Sec.  63.  Printing  accounts.  How  certified  and  paid. 

When  the  account  of  any  contractor  under  this  article  shall  have 
(been  adjusted,  the  commissioners  shall  certify  the  same  to  the  state 
auditor,  who  on  receipt  thereof  shall  draw  his  warrant  upon  the 
state  treasurer  for  the  amount  thereof ; provided,  that  in  the  current 
execution  of  such  contracts  the  commissioners  are  empowered,  in 
their  discretion,  to  deliver  to  such  contractor  a certificate  for  an 
amount  not  exceeding  seventy-five  per  cent  of  completed  work,  upon 
the  contractor  filing  with  the  commissioners  a statement  of  work 
done,  for  which  amount  the  state  auditor  shall  give  his  warrant 
upon  the  state  treasurer  to  such  contractor/’ 

Under  this  section,  the  Bismarck  Tribune  Company,  on  May  17, 
1907,  through  its  manager,  made  a demand  on  the  state  for  $1000.00, 
and  warrant  No.  71869,  was  issued  to  said  company  for  the  amount 
above  stated. 

On  December  9,  1909,  a similar  request  w^s  made  on  the  part  of 
the  Bismarck  Tribune  Company  for  $2000.00,  and  warrant  No. 
85658-,  was  issued  to  them. 

When  the  complete  bills  on  which  the  above  advances  were  made, 
were  presented  to  the  auditing  board,' they  failed  to  deduct  the 
above  amounts  from  said  bills  as  provided  for  in  Sec.  63,  and  up  to 
the  present  time  no  deductions  have  been  made. 

On  the  other  hand  the  state  has  at  nearly  all  times  been  indebted 
to  the  Bismarck  Tribune  Company  to  the  extent  of  from  $1,000.00 
to  $10,000.00.  It  would  seem  to  your  committee  that  both  the  Bis- 
marck Tribune  Company  and  the  auditing  board  are  subject  to 
criticism,  the  former  for  not  deducting  the  advances  made  from  the 
original  bills  filed  later,  and  the  latter  for  not  insisting  on  their 
deduction.  We  believe  that  at  least  quarterly  settlements  should  be 
made  with  the  Bismarck  Tribune  Company.  At  such  times  bills 
should  be  filed  for  all  completed  work  and  if  correct  should  be 
promptly  approved  and  allowed  and  adjustment  made  for  any  and 
all  advances. 


14 


REPORT  OF  SPECIAL  COMMITTEE 


INTEREST  ON  STATE  MONIES. 

The  resolution  especially  calls  for  the  thorough  investigation  of 
interest  on  state  monies,  and  in  this  particular  phase  of  the  work 
your  committee  has  devoted  considerable  time  and  feels  that  its  work 
has  been  very  thorough. 

Below  we  give  a tabulation  showing  the  average  amount  of  all 
monies  on  hand  to  the  credit  of  the  state  for  each  year,  the  amount 
of  interest  received,  and  the  per  cent.  If  the  total  amount  of  monies 
had  been  deposited  in  the  banks  the  state  would  have  received  an 
average  of  3 per  cent : 

Year  Average  Balance  Amount  Interest  ’ Average 

received.  per  cent. 

(McMillan’s  Term.) 


1903.  $ 818,614.67  $12,563.32  1.53 

1904.  713,514.93  17,143.85  2.40 

(Peterson’s  Term.) 


1905. 

$ 661,630.10 

$18,338.10 

1906. 

1,154,602.57 

31,596.16 

1907. 

1,272,130.00 

37,788.22 

1908. 

1,038,342.32 

27,881.12 

(Bickford’s 

Term.) 

1909. 

$1,634,537.83 

$45,608.77 

1910. 

1,641,762.88 

46,176.25 

2.77 

2.73 

2.97 

2.67 


2.78 

2.81 


The  discrepancy  in  the  average  rate  of  interest  received  by  the 
state  during  the  term  of  the  several  state  treasurers  can  be  accounted 
for  by  the  fact  that  during  D.  H.  McMillan’s  term  as  treasurer 
large  amounts  of  money  were  reported  as  cash  on  hand,  (exclusive 
of  the  monies  deposited  in  bank)  and  on  which  the  state  received  no 
interest. 

For  the  year  1903  the  total  average  balance  of  state  monies  was 
$818,614.67.  Of  this  amount  the  average  cash  daily  balances  pur- 
ported to  be  carried  as  cash  in  the  state  treasurer’s  vaults  (and  on 
which  the  state  received  no  interest)  fluctuated  in  amounts  varying 
from  a few  thousand  dollars  to  over  half  a million,  the  average  daily 
balance  for  the  year  being  more  than  a quarter  of  a million,  or  to  be 
exact,  $271,906.00,  as  the  following  tabulated  statement  will  show: 


REPORT  OF  SPECIAL  COMMITTEE 


15 


1903. 


January 

1. 

January 

2. 

January 

3. 

January 

4. 

January 

5. 

January 

6. 

January 

7. 

January 

8. 

January 

9. 

January 

10. 

January 

11. 

January 

12. 

January 

13. 

January 

14. 

January 

15. 

January 

16. 

January 

17. 

January 

18. 

January 

19. 

January 

20. 

January 

21. 

January 

22. 

January 

23. 

January 

24. 

January 

25. 

January 

26. 

Tanuary 

27. 

January 

28. 

January 

29. 

January 

30. 

January 

31. 

February  1 . 
February  2 . 
February  3 . 
February  4 . 
February  5 . 
February  6 . 
February  7 . 
February  8 . 
February  9 . 
February  10. 
February  11 . 
February  12. 
February  13. 
February  14. 
February  15. 
February  16. 
February  17 
February  18i 
February  19. 
February  20 
February  21 
February  22 
February  23 
February  24 
February  25 . 
February  26 
February  27 


$ 196,800.00 

197,000.00 

197,000.00 

197,000.00 

197.100.00 

197.300.00 

197,300.00 

197.300.00 

201.900.00 

201.800.00 

201,800.00 

204.700.00 

188.200.00 

138,300.00 
139',800.00 

61,800.00 

64,100.00 

64.100.00 

60.400.00 

60.800.00 

49.200.00 

47.400.00 

43.300.00 

44.000. 00 

44.900.00 

10.600.00 

5.200.00 

2.200.00 

2.400.00 

3.100.00 

. i 11,200.00 

13,100.00 

13,100.00 

13,100.00 

13.100.00 

13.500.00 

13.000. 00 

13.100.00 

13.100.00 
. 103,300.00 

. 103,300.00 

. 103,600.00 

. 103,600.00 

. 117,000.00 

. 117,000.00 

. 117,000.00 

. 117,000.00 

. 117,700.00 

. 106,600.00 
. 107,300.00 

. 109,000.00 

. 106,400.00 

• 106,400.00 

. 106,400.00 

71.300.00 
. 132,500.00 

. 132,500.00 

. 132,500.00 


16 


REPORT  OF  SPECIAL  COMMITTEE 


1903. — Continued. 

February  28 

March  1 

March  2 

March  3 

March  4 

March  5 

March  6 • • 

March  7 

March  8 

March  9 

March  10 

March  11 

March  12 

March  13 

March  14 

March  15 

March  16 

March  17 

March  18 

March.  19 

March  20 

March  21 

March  22 

March  23 

March  24 

March  25 

March  26 

March  27 

March  28 

March  29 

March  30 ^ 

March  31 


April 

1 

April 

2 

April 

3 

April 

4 

April 

5 

April 

6 

April 

7 

April 

8 

April 

9 

April 

10 

April 

11 

April 

12 

April 

13 

April 

14 

April 

15 

April 

16 

April 

17 

April 

18 

April 

19 

April 

20 

April 

21 

April 

22 

April 

23 

April 

24 

April 

25 

$ 143,400.00 

143.400.00 

143.700.00 

143.500.00 

154.000. 00 

155.000. 00 

166.200.00 
167,800.00 

167.800.00 

185.200.00 

182.800.00 
182,800.00 
155,900.00 

155.900.00 

464.100.00 
464,100.00 

464.100.00 

464.500.00 

464.500.00 

606.800.00 

479.400.00 

484.300.00 
484,300.00 

484.300.00 

485.000. 00 

485.100.00 
485,100.00 
485,100.00 
485,100.00 

485.100.00 

513.000. 00 

529.200.00 

500.200.00 

502.100.00 

503.600.00 
503,600.00 

503.600.00 

503.800.00 

504.000. 00 

504.200.00 

504.700.00 

505.400.00 
505,400.00 

505.400.00 

506.700.00 

507.300.00 
507,300.00 

507.300.00 

509.000. 00 
509,000.00 
509,000.00 

509.700.00 

510.400.00 

511.100.00 
511,100.00 

511.100.00 

654.100.00 


REPORT  OF  SPECIAL  COMMITTEE 


17 


1903— Continued. 


April 

26. 

April 

27. 

April 

28. 

April 

29. 

April 

30. 

May 

1.  . 

May 

2. . 

May 

3.  . 

May 

4.  . 

May 

5.  . 

May 

6. . 

May 

7 . . 

May 

8. . 

May 

9.  . 

May 

10. . 

May 

11.  . 

May 

12.  . 

May 

13.  . 

May 

14.  . 

May 

15. . 

May 

16. . 

May 

17.  . 

May 

18.  . 

May 

19. 

May 

20.. 

May 

21. 

May 

22. . 

May 

23. 

May 

24. . 

May 

25. 

May 

26. 

May 

27. 

May 

28. 

May 

29. 

May 

30. 

May 

31. 

June 

1. 

June 

2. 

June 

3. 

June 

4. 

June 

5 . 

June 

6. 

June 

7. 

June 

8. 

June 

9. 

June 

10. 

June 

11. 

Jupe 

12. 

June 

13. 

June 

14. 

.Tune 

15 . 

June 

16. 

June 

17. 

June 

18. 

June 

19. 

.Tune 

20. 

June 

21. 

654,100.00 

654,100.00 

654.100.00 

654.400.00 

655,000.00 

655.000. 00 

656.200.00 

656.200.00 

664.100.00 

666.500.00 

666.700.00 

683.200.00 

683.200.00 

686.300.00 

685.300.00 

601.400.00 

584.600.00 

584,600.00 

584.600.00 

584.900.00 

590.000. 00 

590,000.00 

590.000. 00 

584.900.00 

585.200.00 

585.200.00 

587.000. 00 

584.800.00 

584,800.00 

584.000. 00 

584,800.00 

584.800.00 

426.400.00 

426.500.00 

426,500.00 

426.500.00 

427.000. 09 

428.400.00 

428.400.00 

428.500.00 

431.500.00 

431,500.00 

431.500.00 

431.800.00. 

431.800.00 

432.500.00 

432.500.00 

418.700.00 

451.900.00 

451,900.00 

451.900.00 

422.600.00 

423.100.00 

423.100.00 

425.000. 00 
454.800.09 

454.800.00 


18 


REPORT  OF  SPECIAL  COMMITTEE 


1903. — Continued. 


June  22 . . 

June  23 

June  24 

June  25 

June  26 

June  27 

June  28 

June  29 

June  30 

July  1 

July  2 

July  3 

July  4 

July  5 

July  6 

July  7 

July  8 

July  . 9, 

July  10. 

July  11. 

July  12, 

July  13. 

July  14, 

July  15. 

July  16. 

July  17. 

July  18. 

July  19. 

July  20. 

July  21. 

July  22 

July  23. 

July  24. 

July  25, 

July  26. 

July  27. 

July  28. 

July  29. 

July  30. 

July  31. 

August 

1. 

August 

2 

August 

3 

August 

4 

August 

5 

August 

6 

August 

7 

August 

8 

August 

9 

August 

10 

August 

11. 

August 

12 

August 

13 

August 

14 

August 

15 

August 

16 

August 

17 

August 

18 

434,600.00 

434.600.00 

432.500.00 

432.500.00 

417.300.00 

406.500.00 

406,500.00 

406.500.00 

407.700.00 

408.800.00 

410.500.00 

408.500.00 

405.500.00 

411.500.00 

408.600.00 

413.400.00 

410.500.00 

407.600.00 

410.300.00 

410.700.00 

410.700.00 

411.200.00 

411.600.00 

412.200.00 

412.500.00 

412.300.00 

412.600.00 

412,600.00 

412,600.00 

412,600.00 

412.600.00 

421.500.00 

421.500.00 

418.200.00 

418.200.00 

398.400.00 

400.400.00 

400.700.00 

400,700.00 

400.700.00 

401.100.00 

401,100.00 

401.100.00 

408.500.00 

409.200.00 

410.700.00 

414.300.00 

414.400.00 

414,400.00 

414.400.00 

244.800.00 

277.800.00 
277,900.0(1 

277.900.00 

277.900.00 

277.900.00 

279.100.00 

279.300.00 


REPORT  OF  SPECIAL  COMMITTEE 


19 


August  19 . . . 
August  20.  . . 
August  91.... 
August  22.  . . 
August  '23 . . . 
August  24. . . , 
August  25.  . . 
August  26.  . . . 
August  27. . . , 
August  28 ...  . 
August  29 ...  , 
August  30.  . . . 
August  31 ... . 
September  1 
September  2 
September  3 
September  4 
September  5 
September  6 
September  7 
September  8 
September  9 
September  10 
September  11 
September  12 
September  13 
September  14 
September  15 
September  16 
September  17 
September  18 
September  19 
September  20 
September  21 
September  22 
September  23 
September  24 
September  25 
September  26 
September  27 
September  28 
September  29 
September  30 
October  1 . . . 
October  2 . . . 
October  3 . . . 
October  4 . . . 
October  5 . . . 
October  6 . . . 
October  7 . . . 
October  8 . . . 
October  9... 
October  10... 
October  11 . . . 
October  12... 
October  13 . . . 
October  14... 
October  s15. . . 


1903. — Continued. 


$ 279,500.00 
246,500.00 

246.500.00 

246.800.00 

246.800.00 

247.900.00 

247.900.00 

248.200.00 
249,000.00 

249.000. 00 

253.400.00 
' 253,400.00 

251.500.00 

251.800.00 

252.100.00 

252.900.00 

253.100.00 

253.100.00 

253.100.00 

254.300.00 

254.500.00 
254,500.00 

254.500.00 

254.700.00 

256.900.00 

256.900.00 

197.000. 00 

197.000. 00 

199.400.00 

199.400.00 

200.100.00 
201,100.00 
201,100.00 
201,100.00 
201,100.00 
201,100.00 
201,100.00 
201,200.00 
170,900.00 

170.900.00 

167.100.00 

148.400.00 

122.600.00 

122.900.00 

113.100.00 
113,100.00 

113.100.00 

113.300.00 

102.600.00 

101.900.00 

102.000. 00 
103,(600.00 

103.600.00 
103,600.00 

103.600.00 

106.100.00 

106.500.00 

106.600.00 


20 


REPORT  OF  SPECIAL  COMMITTEE 


1903. — Continued. 

October  16 , $ 127,500.00 

October  17 127^500.00 

October  18 127,500.00 

October  19 141,900.00 

October  20 141,900.00 

October  21 111,900.00 

October  22 . . 78,600.00 

October  23: •• \ . 78,600.00 

October  24 • 59,700.00 

October  .25 5<9,:700.00 

October  26 55,100.00 

October  27 55,100.00 

October  28 4 99,800.00 

October  29 100,700.00 

October  30 23,600.00 

October  31 14,600.00 

November  1 14,600.00 

November  2 14,900.00 

November  / 3 ' 45,000.00 

November  4 46,700.00 

November  5 46,700.00 

November  6 46,700.00 

November  7 46,700.00 

November  8 46,700.00 

November  9 101,900.00 

November  10 103,000.00 

November  11 - 86,500.00 

November  12 86,500.00 

November  13 86,500.00 

November  14 18,800.00 

November  15 18,800.00 

November  16 18,800.00 

November  17 18,800.00 

November  18 18,900.00 

November  19 18,900.00 

November  20 19,900.00 

November  21  19  900  00 

November  22 ’ ‘ ‘ ‘ .' ."  19,900.00 

N/ovember  23 19,900.00 

November  24 19,900.00 

November  25 19,900.00 

November  ,26 19,900.00 

November  27 20,000.00 

November  28 21,000.00 

November  29 20|l00.00 

November  30 81,900.00 

December  1 81,900.00 

December  2 81,900.00 

December  3 81,900.00 

December  4 81,900.00 

December  5 103,800.00 

December  6 •• .*...  103,800.00 

December  7 104,300.00 

December  8 t 104,300.00 

December  9 104,300.00 

December  10..-. 110,100.00 

December  11 110,100.00 

December  12 110,809.00 


REPORT  OF  SPECIAL  COMMITTEE 


21 


1903. — Continued. 


December 

13. . 

December 

14.  . 

December 

15. . 

December 

16.  . 

December 

17.  . 

December 

18. . 

December 

19.  . 

December 

20. . 

December 

21.. 

December 

22.  . 

December 

23. . 

December 

24.  . 

December 

25.  . 

December 

26.  . 

December 

27.  . 

December 

28.  . 

December 

29.. 

December 

30.  . 

December 

31. . 

110,800.00 

110,800.00 

111,500.00 

111,500.00 

43,500.00 

43,500.00 

43,500.00 

43,500.00 

43.500.00 

44.200.00 

50,000.00 

50,000.00 

50,000.00 

50.000. 00 

53.500.00 

17.000. 00 

17.000. 00 

24.300.00 

50.000. 00 


1904. 


January 

January 

1 

2 

. ..$  24,300.00 

24,700.00 

January 

3 

24,700.00 

January 

4 

24,700.00' 

January 

5 

25,500.00 

January 

6 

25,600.00 

January 

7 

27,600.00 

January 

8 

January 

9 

84,900.00 

January 

10 

84,900  00 

January 

11 

January 

12 

January 

13 

January 

14 

98  900  00 

January 

15 

January 

16 

January 

17 

January 

18 

January 

19 

January 

20 

January 

21 

January 

22 

January 

23 

January 

24 

January 

25 

. . . 157,300.00 

January 

26 

January 

27 

. ..  159,200.00 

January 

28 

January 

29 

. ..  116,000.00 

January 

30 

212  700  00 

January 

31 

. . . 212,700.00 

February 

1 

. . . 212,700.00 

February 

2 

February 

3 

22 


REPORT  OF  SPECIAL  COMMITTEE 


February 

4 

February 

5 

February 

6 

February 

7 

February 

8 

February 

9 

February 

10 

February 

11 

February 

12 

February 

13 

February 

14 

February 

15 

February 

16 

February 

17 

February 

18 

February 

19 

February 

20 

February 

21 

February 

22 

February 

23 

February 

24 

February 

25 

February 

26 

February 

27 

February 

28 

February 

29 

March 

1 

March 

2 

March 

3 

March 

4 

March 

5 

March 

6 

March 

7 

March 

8 

March 

9 

March 

10 

March 

11 

March 

12 

March 

13 

March 

14 

March 

15 

March 

16 

March 

17 

March 

18 

March 

19 

March 

20 

March 

21 

March 

22 

March 

23 

March 

24 

March 

25 

March 

26 

March 

27 

March 

28 

March 

29 

March 

30 

March 

31 

April 

1. 

1904. — Continued. 


$ 424, 700.00 

82,200.00 

84,800.00 

84,800.00 

84.800.00 

89.600.00 

92.800.00 

93.300.00 

93,300.00 

93,300.00 

93.300.00 

99.300.00 

99,300.00 

99.300.00 

96.600.00 

96.600.00 

97.900.00 

97,900.00 

97,900.00 

97.900.00 

98.100.00 

433.700.00 

436.700.00 
437,000.00 
437,000.00 

378.900.00 

172.600.00 

202.100.00 

202,600.00 

202,600.00 

203,700.00 

203,700.00 

203.700.00 

203.800.00 

203.800.00 

205.800.00 

181.200.00 

144,900.00 

144.900.00 

141.200.00 

141.300.00 

141.500.00 

141,500.00 

141.500.00 

141.600.00 

141,600.00 

141.600.00 

142.300.00 

142,300.00 

142,300.00 

142,300.00 

142,300.00 

142.300.00 

143.300.00 

143.300.00 

462.600.00 

462.800.00 

477.200.00 


REPORT  OF  SPECIAL  COMMITTEE 


23 


1904. — Continued. 


April 

2 

April 

3 

April 

4 

April 

5 

April 

6 

April 

7 

April 

8 

April 

9 

April 

10 

April 

11 

April 

12 

April 

13 

April 

14 

April 

15 

April 

16 

April 

17 

April 

18 

April 

19 

April 

20 

April 

21 

April 

22, 

April 

23, 

April 

24. 

April 

25. 

April 

26, 

April 

27. 

April 

28. 

April 

29. 

April 

30. 

May 

1. 

May 

2.  . 

May 

3. 

May 

4.  . 

May 

5. . 

May 

6.  . 

May 

7.  . 

May 

8.  . 

May 

9. . 

May 

10.  . 

May 

11. . 

May 

12.  . 

May 

13.  . 

May 

14.  . 

May 

15.  . 

May 

16.  . 

May 

17.  . 

May 

18.  . 

May 

19.  . 

May 

20.  . 

May 

21.  . 

May 

22.  . 

May 

23.  . 

May 

24.  . 

May 

25.. 

May 

26.  . 

May 

27. . 

May 

28.  . 

May 

29.  . 

164,400.00 

164.400.00 

164.700.00 

164.700.00 

164.700.00 

165.900.00 

165.900.00 

166.800.00 

166,800.00 

172.000. 00 

172.400.00 

172.500.00 

172.900.00 

174.600.00 

173.800.00 

173.800.00 

173.700.00 

151.400.00 

123.900.00 
123,91)0.00 

123.900.00 

126.300.00 

126.300.00 

127.500.00 

129.100.00 

129.100.00 

130.700.00 

130.700.00 

309.400.00 

309.400.00 

309.500.00 

316.600.00 

317.000. 00 

191.500.00 

193.800.00 

195.000. 00 

195,000.00 

195,000.00 

195.300.00 

195,300.00 

195,300.00 

195,300.00 

195,300.00 

195,300.00 

195.300.00 

164.100.00 

164.100.00 
165,500.00' 

165.900.00 

166.100.00 
166.100.00' 
166*100.00 

166,100.00 

166.300.00 

166.400.00 

166.600.00 

148,600.00 

148,600.00 


24 


REPORT  OF  SPECIAL  COMMITTEE 


May 

30. . . 

. ..$  148,600.00 

May 

31. . . 

June 

1. . . 

. ..  150,900.00 

June 

2.  . . 

. • • 150,900.00 

June 

3.  .. 

...  150,900.00 

June 

4.  . 

151,000.00 

June 

5 . . . 

June 

6. . 

• • 151  000  00 

June 

7.  . . 

. . . 136’l00.00 

June 

8. . . 

136  100  00 

June 

9.  . . 

. . . 136,100.00 

June 

10.  . . 

June 

11.  . . 

...  184,000.00 

June 

12.  . . 

184  000  00 

June 

13.  . . 

. . . 184,000.00 

June 

14. . . 

. • • 165  300.00 

June 

15.  . . 

June 

16.  . . 

June 

17. . . 

June 

18.  . . 

• • 167  300  00 

June 

19.  . . 

June 

20.  . . 

June 

21 . . . 

June 

22. . . 

June 

23.  . . 

June 

24.  . . 

June 

25. . . 

June 

26 . . . 

June 

27 . . . 

June 

28.  . . 

June 

29.  . . 

June 

30. . . 

July 

1. . . 

July 

2.  . . 

July 

3.  . . 

July 

4.  . . 

July 

5 . . . 

July 

6.  . . 

167  700  00 

J uly 

7. . . 

July 

8.  . . 

169  200  00 

July 

9.  . . 

. . . 170.600,00 

July 

10... 

. . . 170.600.00 

Julv 

11. . . 

• July 

12.  . . 

...  . 151,600.00 

July 

13 . . . 

. . . 151,9^0.00 

July 

14.  . . 

...  151.300.00 

July 

15 . . . 

. . . 155.800.00 

July 

16.  . . 

. . . 158,600.00 

July 

17. . . 

. . . 158,600.00 

July 

18.  . . 

. . . 158,600.00 

July 

19 

. . . 147,000.00 

July 

20.  .. 

. . . 150,900.00 

July 

21... 

. . . 150,900.00 

July 

22.  . . 

. . . 150,900.00 

July 

23. . . 

. . . 151,000.00 

July 

24.  . . 

...  151,000.00 

July 

25... 

. . . 151,000.00 

July 

26. . , 

...  151,000.00 

REPORT  OF  SPECIAL  COMMITTEE 


25 


1904. — Continued. 


July  27 

July  28 

July  29 

July  30 

July  31 

August  1 

August  2 

August  3 

August  4 ....  . 

August  5 

August  6 

August  7. . . . . 

August  8 

August  9 

August  10 

August  11 

August  12 

August  13 

August  14 

August  15 

August  16 

August  17 

August  18 

August  r9 

August  20 

August  21 

August  22 

August  23 

August  24 

August  25 

August  26..... 

August  27 

August  28 

August  29 

August  30 

August  31 

September  1. 
September  2 . 
September  3. 
September  4. 
September  5. 
September  6. 
September  7. 
September  8. 
September  9 . 
September  10. 
September  11 . 
September  12. 
September  13. 
September  14. 
September  15. 
Septembber  16 
September  1?. 
September  18. 
September  19 . 
September  20. 
September  21 . 
September  22 . 


$ 151,000.00 

155.300.00 

155.600.00 

168.100.00 
168,100.00 
143,000.00 
143,000.00 
143,000.00  • 
143,000.00 
143,000.00 
143,000.00 
143,000.00 
138,800.00 

138.800.00 

142.500.00 

142.500.00  . 

. 142,500.00 

145.200.00 
145,200.00 

145.200.00 

145.700.00 

135.200.00 

121.900.00 
121,900.00 
121,900.00 

121.900.00 

122.200.00 
122,200.00 
122,200.00 
122,200.00 
122,200.00 
122,200.00 
122,200.00 

30.800.00 

19.800.00 

15.800.00 

14.700.00 

10.100.00 
10,100.00 
10,100.00 
10,100.00 
10,100.00 

10.300.00 

10.400.00 

16.700.00 
7,400.00 

7.400.00 

6.800.00 

6.900.00 

5.100.00 

6.100.00 
3,900  00 
6,200.00 
6,200.00 

7.500.00 

7.700.00 

4.700.00 

5.900.00 


26 


REPORT  OF  SPECIAL  COMMITTEE 


1904. — Continued. 


September  23'.  . . . 
September  24.... 
September  25.... 
September  26.... 
September  27.... 
September  28.... 
September  29.... 
September  30. . 

- • 

. ..$  5,900.00 

5,900.00 
5,900.00 

14.500.00 

14.700.00 
14,700.00 
14  700  00 

October  1 

14,900.00 

October  2 

October  3 

. . . 14,900.00 

October  4 ...... . 

October  5 

October  6 

October  7 

October  8 

October  9 

October  10 

October  11 

October  12 

October  13 

October  14 

October  15 

October  16 

October  17. 

October  18 

October  19 si’snnnn 

October  20 

October  21 

October  22 21  000  00 

October  23 oi’nnnnn 

October  24 

- 

October  25 

October  26 oo’vnn  nn 

October  27 

October  28 

October  29 

October  30 

October  31 

November  1 

4 500  00 

November  2 

November  3 

November  4 

4 500  00 

November  5 

53^600.00 

November  6 . . 

53  600  00 

November  7 

November  8 

77,300.00 

November  9 

77,700.00 

November  10 

November  11.... 

November  12 

4,200.00 

November  13 

4,200.00 

November  14. . . . 

4,700.00 

November  15 

20,800.00 

November  16 

20,900.00 

November  17 

November  18 

November  19 

35,000.00 

REPORT  OF  SPECIAL  COMMITTEE 


27 


1904. — Continued. 

$ 35,000.00 

52,500.00 

67,000.00 

51,800.00 

51,800.00 

52,200.00 

52,300.00 

52,300.00 

....... 52,300.00 

53,400.00- 

53,400.00 

53,500.00 

67,100.00 

71,500.00 

• • 71,500.00 

73,200.00 

• • 73,200.00 

74/700.00 

747900.00 

20,200.00 

• 82,600.00 

82,600.00 

• • 83,900.00 

84,000.00 

• 11,600.00 

12,200.00 

• • 24,200.00 

27,000.00 

• 27,000.00 

27,100.00 

...••• 28,600.00 

28,600.00 

28,600.00 

28,700.00 

28,700.00 

28,700.00 

28,700.00 

8,000.00 

• • 75,400.00 

75,400.00 

75,600.00 

86,000.00 

Total  daily  balances  for  1903,  $99,245,900.00,  divided  by  365  days, 
gives  an  average  daily  balance  of  $271,906.00  on  which  the  state 
received  no  interest.  If  the  same  had  been  deposited  in  state  deposi- 
tories it  would  have  earned  for  the  state  at  three  per  cent  $8,157.18. 

Total  daily  balances  for  1904,  $41,414,300.00,  divided  by  365  days 
gives  an  average  daily  balance  of  $113,463.00  on  which  the  state 
received  no  interest.  If  the  same  had  been  deposited  in  state  deposi- 
tories it  would  have  earned  for  the  state  at  3 per  cent  $3,403,89. 

As  can  be  readily  seen,  the  state  lost  $11,561.07  interest  on 
account  of  such  large  items  purported  to  be  carried  as  cash  on  hand. 
It  has  been  impossible  for  your  committee  to  ascertain  just  what  the 
immense  daily  balances  consisted  bf,  as  there  are  no  records  on  file 


November  20 
November  21. 
November  22. 
November  23. 
November  24. 
November  25. 
November  26. 
November  27. 
November  28 . 
November  29. 
November  30. 
December  1 . 
December  2. 
December  3 . 
December  4. 
December  5 . 
December  6.. 
December  7. 
December  8.. 
December  9. 
December  10.. 
December  11.. 
December  12 . . 
December  13.. 
December  14.. 
December  15 . . 
December  16.. 
December  17.. 
December  18.. 
December  19.. 
December  20.. 
December  21 . . 
December  22.. 
December  23.. 
December  24.. 
December  25.. 
December  26.. 
December  27.  . 
December  28 . . 
December  29.. 
December  30.. 
December  31.. 


28 


REPORT  OF  SPECIAL  COMMITTEE 


in  the  office  covering  these  particular  transactions,  but  it  is  our 
judgment  that  it  was  not  actual  cash,  but  consisted  chiefly  of  cer- 
tificates of  deposit,  cashier’s  checks  and  bank  drafts  representing 
over  deposits  in  various  banks. 

Your  committee  visited  the  Citizens  State  Bank  of  Langdon  for 
the  purpose  of  verifying  as  far  as  possible  the  various  items  reported 
as  cash  on  hand.  We  found  that  on  May  15,  1903,  $90,000.00  of 
state  money  was  forwarded  to  the  Citizens  State  Bank  of  Langdon. 
This  sum  appears  on  the  bank  books  to  the  credit  of  “H.  F.  Baker. 
Special.”  Mr.  Baker  was  at  that  time  assistant  cashier  of  said 
bank. 

On  May  20,  1903,  this  account  was  charged  off  and  the  following 
drafts  were  drawn  on  the  Northwestern  National  Bank  of  Minne- 
apolis, payable  to  D.  H.  McMillan : 


Draft  No.  28891 $10,000.00 

Draft  No.  28892 ■ 10,000.00 

Draft  No.  28893 10,000.00 

Draft  No.  28894 10,000.00 

Draft  No.  28895.  10,000.00 

Draft  No.  28896 10,000.00 

Draft  No.  28897... 10,000.00 

Draft  No.  28898 10,000.00 


Total  .$80,000.00 


Also  on  May  20,  1903,  there  appears  on  the  books  of  the  Citizens 
State  Bank  of  Langdon,  a special  deposit  of  $10,000.00  to  the  credit 
of  D.  H.  McMillan,  treasurer,  making  a total  of  $90,000.00,  exclus- 
ive of  the  regular  account  of  the  State  of  North  Dakota.  This 
special  deposit  of  $10,000.00  remained  to  the  credit  of  D.  H. 
McMillan  until  August,  1903,  when  it  was  credited  to  the  regular 
account  of  the  State  of  North  Dakota. 

Draft  No.  28891,  for  $10,000.00,  was  retained  in  the  possession 
of  D.  H.  McMillan  until  October  3,  1903,  on  which  date  it  was 
credited  to  the  regular  account  of  the  state. 

Draft  No.  28892,  for  $10,000.00,  was  handled  in  the  same  manner 
until  October  8th,  1903. 

Draft  No.  28894,  for  $10,000.00,  was  handled  in  the  same  manner 
until  October  28,  1903. 

Drafts  No.  28896,  28897  and  28898,  for  $10,000.00  each,  were 
carried  by  D.  H.  McMillan  until  October  21st,  1903-,  at  which  time 
they  were  deposited  in  the  First  National  Bank  of  Bismarck  to  the 
credit  of  the  state. 

Draft  No.  28895,  for  $10,000.00,  was  used  on  October  29th,  1903, 
and  forwarded  to  the  Commercial  National  Bank  of  Chicago  in  part 
payment  of  the  redemption  of  bonds  against  the  state. 


REPORT  OF  SPECIAL  COMMITTEE 


29 


Draft  No.  28893,  for  $10,^000.00,  was  on  November  3,  1903, 
deposited  in  the  First  National  Bank  of  Fargo  to  the  credit  of  the 
state. 

This  verifies  our  former  conclusion  that  the  cash  items  carried  by 
State  Treasurer  McMillan  were  in  part  time  certificates,  bank  drafts 
and  cashier’s  checks. 

The  above  drafts  total  $90,000.00  and  are  only  a small  part  of  the 
cash  items  carried,  as  Mr.  McMillan  admitted  that  there  were  trans- 
actions of  a similar  nature  with  other  banks. 

The  interest  on  this  item  alone  amounts  to  $1,125.00.  It  is  need- 
less to  add  that  the  state  received  no  interest  on  the  above  trans- 
action. 


1905. 

January  1 

January  2 

January  3 

January  4 

January  5 

January  6 

January  7 

January  8 

January  9 

January  10 

January  11 

January  12 

January  13 

January  14 

January  10 * 

January  16 

January  17 

January  18 

January  19 

January  20 

January  21. . . . . . 

January  22 ». . . 

January  23 

January  24 

January  25 

January  26 

January  27 

January  28 

January  29 

January  ;30 

January  31 

February  1 

February  2 

February  3 

February  4 

February  5 

February  6 

February  7... 

February  8 

February  9 

February  10 


$ 86,000.00 
90,700.00 

90.700.00 
551,100.00 

551.100.00 

553.100.00 

553.100. 00 

504.600.00 
102,000.00 

93.500.00 

94.800.00 

17.200.00 
4,800.00 

4.800.00 
7,000.00 

7.800.00 

8.100.00 

10.500.00 

2.700.00 

5.300.00 

5.300.00 
4,60-0.00 

4.900.00 

5.200.00 

5.300.00 

4.100.00 
2,900.0'0 
2.900.00' 

553.500.00 

1.500.00 
1,500.00 
1,500.00 

1.500.00 

4.900.00 

36.700.00 

36.700.00 

37.400.00 
37,400.00 

37.400.00 

86.900.00 
38,000.00 


30 


REPORT  OF  SPECIAL  COMMITTEE 


1905. — Continued., 


February  11 . 
February  12. 
February  13 . 
February  14 . 
February  15 . 
February  16. 
February  17. 
February  18. 
February  119. 
February  20. 
February  21. 
February  22 . 
February  23 . 
February  24. 
February  25 . 
February  26. 
February  27. 
February  28. 


March 

1 

March 

2 

March 

3 

March 

4 

March 

5 

March 

6 

March 

7 

March 

8 

March 

9 

March 

10 

March 

11 

March 

12 

March 

13 

March 

14 

March 

15 

March 

16 

March 

17 

March 

18 

March 

19 

March 

20 

March 

21 

» 

March 

22. ...... . 

March 

23 

March 

24 

March 

25 

March 

26 

March 

27 

March 

28 

March 

29 

March 

30 

March 

31 

April 

1. 

April 

2 

April 

3 

April 

4 

April 

5 

April 

6 

April 

7 

April 

8 

April 

9 

$ 47,800.00 

47.800.00 

38.500.00 

40.000. 00 

33.000. 00 

33.000. 00 

2,000.00 

2,100.00 

2,100.00  * 

1,600.00 

2,100.00 

2,100.00 

2,100.00 

2,800.00 

2,900.00 

2.900.00 

1.800.00 

2,100.00 

9.200.00 

11,800.00 

13,600.00 

13,600.00 

13.600.00 

25.500.00 

1.400.00 

1.400.00 

1.500.00 

1.500.00 

1.300.00 

1,300.00 

284,800.00 

1,300.00 

1.300.00 

2.300.00 

1.900.00 

1.400.00 

1.400.00 

1.500.00 

1.600.00 

1,600.00 

2.000. 00 
2,100.00' 

1,200.00 

1,200.00 

5.000. 00 

4.400.00 

500.00 

500.00 

500.00 

9.000. 00 

9,000.00 

9.400.00 

300.00 

400.00 

600.00 

1.700.00 

1,700.00 

1,700.00 


REPORT  OF  SPECIAL  COMMITTEE 


31 


1905. — Continued. 


April 

10. 

April 

11. 

April 

12. 

April 

13. 

April 

14. 

April 

15. 

April 

16. 

April 

17. 

April 

18. 

April 

19. 

April 

20. 

April 

21. 

April 

22. 

April 

23. 

April 

24. 

April 

25. 

April 

26. 

April 

27. 

April 

28. 

April 

29. 

April 

30. 

May 

1.  . 

May 

2. . 

May 

3.  . 

May 

4.  . 

May 

5.  . 

May 

6.  . 

May 

7 . . 

May 

8. . 

May 

9. . 

May 

10.  . 

May 

11.  . 

May 

12. . 

May 

13.  . 

May 

14. . 

May 

15.  . 

May 

16.  . 

May 

17. . 

May 

18.  . 

May 

19. . 

May 

20.. 

May 

21.  . 

May 

22.  . 

May 

23.  . 

May 

24.  . 

May 

25. . 

May 

26.. 

May 

27.. 

May 

28.  . 

May 

29.  . 

May 

30.  . 

May 

31.  . 

Jun*e 

1. 

June 

2. 

June 

3. 

June 

4. 

.Tune 

5 . 

June 

6. 

600.00 

1.400.00 

2.400.00 

2.500.00 

2.500.00 

800.00 

800.00 

1.300.00 

1.200.00 

3.300.00 

1.200.00 

1,200.00 

1,200.00 

1,200.00 

1.900.00 

2.400.00 

3.500.00 

5.400.00 

1.200.00 

300.00 

300.00 

2.500.00 

10,400.00 

800.00 

1.900.00 

3.400.00 

900.00 

900.00 

1.200.00 

1,200.00 

1.500.00 

1.600.00 

2,100.00 

5,500.00 

5.500.00 

6.500.00 

6.900.00 

6.900.00 

800.00 

1.300.00 

1,300.00 

1.300.00 

1.500.00 

1.500.00 

1.300.00 

1.900.00 

2.000. 0U 

2.000. 00 

2.000. 0U 

2.000. 00 

2,000.00 

600.00 

1,100., 00 

2.200.00 

2.500.00 
2*500.00 
2,5)00.00 

3.500.00 


32 


REPORT  OF  SPECIAL  COMMITTEE 


1905. — Continued. 


June 

7. 

June 

8 

June 

9 

June 

10 

June 

11 

June 

12 

June 

13 

June 

14 

June 

15 

June 

16 

June 

17 

June 

18 

June 

19 

June 

20 

June 

21 

June 

22 

June 

23 

June 

24 

June 

25 

June 

26 

June 

27 

June 

28 

June 

29 

June 

30 

July 

1. 

July 

2. 

July 

3. 

July 

4. 

July 

5. 

July 

6. 

July 

-7. 

July 

8. 

July 

9. 

July 

10. 

July 

11. 

July 

12. 

July 

13. 

July 

14. 

July 

15. 

July 

16. 

July 

17. 

July 

18. 

July 

19. 

July 

20. 

July 

21. 

July 

22. 

July 

23. 

July 

24. 

July 

25. 

July 

26. 

July 

27. 

July 

28. 

July 

29. 

July 

30. 

July 

31. 

August 

August 

August 

900.00 

900.00 

1,200.00 

1,400.00 

1,400.00 

1.400.00 

1. 500.00 

1.500.00 

1.000. 00 

1.000. 00 

5.400.00 

5.400.00 

5.700.00 

6.600.00 

600.00 

800.00 

1.900.00 

900.00 

900.00 

1.700.00 

1.300.00 

1.400.00 

1.900.00 

3.600.00 

4.900.00 

4.900.00 

8.100.00 

8,100.00 

11.900.00 

13.900.00 

10.900.00 

8,400.00 

8.400.00 

9.300.00 

6.400.00 

2.800.00 

2.400.00 
3,100.0u 

5.600.00 

5.600.00 

3.800.00 

8.700.00 

6.900.00 

6.300.00 

8.600.00 

3.100.00 

1.100.00 

1,600.00 

21.600.00 

1,000.00 

1,000.00 

2,800.00 
1.100.00 
1.100.00 

900.00 

600.00 

900.00 

1,100.00 


REPORT  OF  SPECIAL  COMMITTEE 


33 


1905. — Continued. 


August 

4 

August 

5. 

August 

6, 

August 

7. 

August 

8. 

August 

9. 

August 

10. 

August 

11. 

August 

12. 

August 

13. 

August 

14 

August 

15. 

August 

16. 

August 

17. 

August 

18. 

August 

19. 

August 

20. 

August 

21. 

August 

22. 

August 

23. 

August 

24. 

August 

25. 

August 

26. 

August 

27. 

August 

28. 

August 

29. 

August 

30. 

August 

31. 

September 

1 

September 

2 

September 

3 

September 

4 

September 

5 

September 

6 

September 

7 

September 

8 

September 

9 

September 

10 

September 

11 

September 

12 

September 

13 

September  14 
September  15 
September  16 
September  17 
September  18 
September  19 
September  20 
September  21 
September  22 
September  23 
September  24 
September  25 
September  26 
September  27 
September  28 
September  29 
September  30 


1,200.00 

1,400.00 

1.400.00 

2.900.00 

2.900.00 

6.200.00 

7,000.00 

7.000. 00 

2,700.00 

2.700.00 
4,400.00' 

1.400.00 

1.600.00 

1,500.00 

1.500.00 

1.700.00 

1.700.00 
2 000.00 

2.100.00 

2,100.00 

1.500.00 

1.300.00 

900.00 

900.00 

1.500.00 

1.200.00 

10,600.00 

900.00 

1,200.00 

1,200.00 

1,200.00 

3.300.00 

1.100.00 

1,800.00 

1,800.00 

1,700.00 

1,700.00 

1.700.00 
2 400.00 

2.400.00 

2.600.00 

1,200.00 

1,400.00 

1,400.00 

1.400.00 

1.600.00 

2.000. 00 

1,700.00 

1.700.00 

3.300.00 

2.400.00 

2.400.00 

1,000.00 

1.500.00 

1.600.00 

1.500.00 

1.700.00 

1.400.00 


34 


REPORT  OF  SPECIAL  COMMITTEE 


1905  .—Continued . 


October 

1 

October 

2 

October 

3 

October 

4 

October 

5 

October 

6. 

October 

7 

October 

8 

October 

9 

October 

10 

October 

11 

October 

12 

October 

13 

October 

14 

October 

15 

October 

16 

October 

17 

October 

18 

October 

19 

October 

20 

October 

\21 

October 

22 

October 

23 

October 

24 

October 

25 

October 

26 

October 

27 

October 

28 

October 

29 

October 

30 

October 

31 

November 

November 

November 

November 

November 

November 

November 

November  8 
November  9 
November  10 
November  11 
November  12 
November  13 
November  14 
November  15 
November  16 
November  17 
November  18 
November  19 
November  20 
November  21 
November  22 
November  23 
November  24 
November  25 
November  26 
November  27 


1.400.00 

1.200.00 

1,800.00 

5.700.00 

1.100.00 

1.900.00 

4.300.00 

4.300.00 

1.200.00 

1,200.00 

1,800.00 

1,800.00 

2,100.00 

2,400.00 

2.400.00 

2.700.00 

1.100.00 

1,100.00 

1. 100.00 

1.200.00 
1„200.00 

1,200.00 

1,200.00 

1,200.00 

1.400.00 

1.500.00 

1.900.00 

1,900.00 

1,900.00 

1.900.00 

36,300.00 

9.800.00 
-10,300.00 

2.800.00 

3,800.00 

3.800.00 

1.700.00 

1,700.00 

1.700.00 

1.800.00 

2,000.00 

3,400.00 

3.400.00 

3.800.00 

1.300.00 

3.200.00 

1.300.00 

1.300.00 

2.100.00 

2,100.00 

2.900.00 
3,000.00 

3.100.00 
1,80-0.00 

5.500.00 

5,500.00 

5.500.00 

1.600.00 


REPORT  OF  SPECIAL  COMMITTEE 


35 


1905. — Continued. 


1,400.00 

1,400.00 

1,000.00 

2,300.00 

December  3 

l 

2,300.00 

2,400.00 

December  5 

2,400.00 

5,600.00 

December  7 

6,700.00 

3,300.00 

December  9 

4,200.00 

December  10.. 

4,200.00 

December  11 

3,700.00 

December  12 

December  13 

3(,500.00 

December  14 

3,200.00 

December  15 

3,100.00 

December  16 

December  17 

2,200.00 

December  18 

December  19 

" 

December  20 

.... 

December  21 

December  22 

December  23 

December  24 

December  25 

2,500.00 

December  26 

December  27 

December  28 • 

1,200.00 

December  29 

2,700.00 

December  30 

December  31 

4,700.00 

Total  daily  '.balances  for  1905,  $5,739,200.00,  divided  by  365  days, 
gives  an  average  daily'  balance  of  $15,7Q0.00  on  which  the  state 
received  ho  interest. 

If  the  same  had  been  deposited  in  the  state  depositories  it  would 
have  earned  for  the  state  at  3 per  cent  $471.00. 


1906.. 


January  1 
January  2 
January  3 
January  4 
January  5 
January  6 
January  7 
January  8 
January  9 
January  10 
January  11 
January  12 


$ 4,700.00 

3.100.00 

4.300.00 

6.500.00 

3.900.00 

5.200.00 

5.200.00 

1.900.00 

2.100.00 

3.700.00 

4.200.00 

5.200.00 


36 


REPORT  OF  SPECIAL  COMMITTEE 


January  13. . 
January  14.. 
January  15.. 
January  16.. 
January  17.. 
January  18.. 
January  19.. 
January  20.. 
January  21.. 
January  22 . . 
January  23. . 
January  24.. 
January  25 . . 
January  26.  . 
January  27.  . 
January  28.. 
January  29.  . 
January  30.. 
January  31.. 
February  1 . 
February  2 . 
February  3. 
February  4. 
February  5 . 
February  6. 
February  7. 
February  8 
February  9 . 
February  10. 
February  11. 
February  12. 
February  13. 
February  14. 
February  15. 
February  16. 
February  17. 
February  18. 
February  19. 
February  20. 
February  21 . 
February  22 . 
February  23. 
February  24. 
February  25 . 
February  26. 
February  27. 
February  28 . 
March  1 . . . . 
March  2 . . . . 
March  3. . . . 
March  4.  . . . 
March  5.... 
March  6.  . . . 
March  7. . . . 
March  8.  . . . 
March  9 . . . . 
March  10. . . . 
March  11 ...  . 


1906. — Continued. 


$ 5,300.00 

5.300.00 

9.700.00 

8.300.00 

12.300.00 

11.400.00 

13.600.00 
15,000.00 

15.000. 00 

11.100.00 
11,100.00 

12.000. 00 

12.900.00 

10.900.00 

7.800.00 

7.800.00 
8,000.00 

4.500.00 

1.100.00 

1.700.00 

2.100.00 
2,500.00 

2.500.00 

3.000. 00 

1.900.00 

7.200.00 

2.000. 00 

2.500.00 
403,600.00 
403,600.00 

403.600.00 

404.800.00 

3.800.00 

4.600.00 

1.700.00 

2.300.00 

2.300.00 

3.600.00 

1.700.00 

3.500.00 

3.500.00 

3.600.00 

1.700.00 
1,700.00 
1,700.00 

1.700.00 

2.500.00 

1.100.00 

1.500.00 

1.600.00 
1,600.00 
2,900.00 

2.900.00 

6.400.00 

1.500.00 
1,300. 0^' 

1.300.00 
1,300.00 


REPORT  OF  SPECIAL  COMMITTEE 


37 


1906. — Continued. 

March  12 

March  13 

March  14 

March  15 

March  16 

March  17 

March  18 

March  19 

Marc  a 20 

March  21 

March  22 

March  23 

March  24 

March  25 

March  26 

March  27 

March  28 

March  29 

March  30 

March  31 

April  1 

April  2 

April  3 . 

April  4 

April  5 

April  6 

April  7 

April  8 

April  9 

April  10 

April  11 

April  12 

April  13 

April  14..* 

April  15 

April  16 

April  '17 

April  18 

April  19 

April  20 

April  21 

April  22 

April  23 • • 

April  24 

April  25 

April  26 

April  27 ' 

April  28 

April  29 

April  30 • • 

May  1 

May  2 

May  3 

May  4 

May  5 

May  6 

May  7 

May  8 


$ 2,500.00 

1,600.00 
1,800.00 

35.800.00 

36.300.00 

2.500.00 

2.500.00 

2.500.00 

2.500.00 

2.600.00 
2,000.00 

159,600.00 

2,200.00 

2,200.00 

87.500.00 

3.400.00 

3.500.00 
3,500.00 

3.500.00 

3.300.00 

3.300.00 

3.700.00 

3.300.00 

3.400.00 

4.700.00 
4,700.00 
4,700.00 

4.700.00 

4.800.00 
16,600.0'U1 

16.300.00 

1.800.00 
1,400.00 

1.400.00 
2,500.0U 

2.500.00 

3.800.00 

3.800.00 
1,900.0U 
2,000.00 

2.100.00 
2,100.00 
2,200.00 

3.300.00 

9. 400. 00 

2.400.00 

2.300.00 

2.300.00 

3.000. 00 

1.600.00 

1.700.00 

2.300.00 

2.500.00 
2,500.00 
2,500.00 

2.500.00 

2.000. 00 

5.100.00 


38 


REPORT  OF  SPECIAL  COMMITTEE 


t 


1906. — Continued. 


May 

9. 

May 

10. 

May 

11. 

May 

12. 

May 

13. 

May 

14. 

May 

15. 

May 

16. 

May 

17. 

May 

18. 

May 

19. 

May 

20. 

May 

21. 

May 

22. 

May 

23. 

May 

24. 

May 

25. 

May 

26. 

May 

27. 

May 

28. 

May 

29. 

May 

30. 

May 

31. 

June 

1 

June 

2 

June 

3 

June 

4 

June 

5 

June 

6 

June 

7 

June 

8 

June 

9 

June 

10 

June 

11 

June 

12 

June 

13 

June 

14 

June 

.15 

June 

16 

June 

17 

June 

18 

June 

19 

June 

20 

June 

21 

June 

22 

June 

23 

June 

24 

June 

25 

June 

26 

June 

27, 

June 

28 

June 

29 

June 

30 

July 

1. 

July 

2. 

July 

3. 

July 

4- 

July 

5 . 

5.100.00 

2,000.00 

2.700.00 

4.100.00 
4 100.00. 

9.300.00 

9.900.00 

2.500.00 

2.700.00 

2.800.00 

2,800.00 

2,800.00 

2,800.00 

3,000.00 

3,000.00 

3,000.00 

3,000.00 

3,300.00 

3.300.00 

3.900.00 

3,900.00 

3.900.00 

2.400.00 

6.100.00 

6,100.00 

6,100.00 

7.600.00 

1.900.00 

1.900.00 

7.100.00 

5.300.00 

5,300.00 

5,300.00 

5.300.00 

5.900.00 

9.300.00 

9.400.00 

5.400.00 

3.800.00 

3,800.00 

3.800.00 

4.200.00 

3.900.00 

3.900.00 

2.600.00 
2,600.90 

2,600.00 

1.700.00 

2.500.00 

5.800.00 

4.400.00 

4.400.00 

29,300.00 

29,300.00 

2.900.00 

. 6,100.00 

6.100.00 

1,800.00 


REPORT  OF  SPECIAL  COMMITTEE 


39 


1906. — Continued. 


July  6 

July  7. 

July  8 

July  9. 

July  10 

July  11 

July  12 

July  13 

July  14 

July  15 

July  16 

July  17 

July  *18, 

July  19 

July  20 

July  21 

July  22 

July  23 

July  24 

July  25 

July  26 

July  27 

July  28 

July  29 

July  30 

July  31 

August 

1 

August 

2 

August 

3 

August 

4 

August 

5 

August 

6, 

August 

7. 

August 

8 

August 

9. 

August 

10 

August 

11 

August 

12 

August 

13 

August 

14 

August 

15 

August 

16 

August 

17 

August 

18 

August 

19 

August 

20 

August 

21 

August 

22 

August 

23 

August 

24 

August 

25 

August 

26 

August 

27 

August 

28 

August 

29 

August 

30 

August 

31 

% 

7.400.00 

5.700.00 

5.700.00 

2.500.00 

9.400.00 

11,600.00 

14.500.00 

15.300.00 

5.500.00 

5.500.00 

5.300.00 

2.100.00 

1.700.00 

4.400.00 

7.400.00 

10.700.00 

10.700.00 

108,600.00 

15.500.00 

5.900.00 

10.100.00 

10.300.00 

11.800.00 

11,800.00 
13,000.00 

6.300.00 

4.000. 00 

2.700.00 

3.400.00 

3.100.00 

3.100.00 

2.500.00 
2,300  00 

7.100.00 

2.100.00 

2.000. 00 

2,300.00 

2.300.00 

2.600.00 

8.700.00 

24,800.00 

24,800.00 

2,000.00 

2,000.00 

2,000.00 

2.400.00 

5.500.00 

5.800.00 

2.800.00 

2,100.00 

. 2,200.00 

2,200.00 

3.700.00 

3.100.00 

2.300.00 

4.900.00 

1.900.00 


40 


REPORT  OF  SPECIAL  COMMITTEE  “ 


1906. — Continued. 

September  1 

September  2 

September  3 

September  4 

September  5 

September  6 

September  7 

September  8 

September  9 

September  10 

September  11 

September  12 

September  13 

September  14 

September  15 

September  16 

September  17 

September  18 

September  19 

September  20 

September  21 

September  22 

September  23 

September  24 

September  25 

September  26 

September  27 

September  28 

September  29 

September  30 


October 

1 

October 

2 

October 

3 

October 

4 

October 

5 

October 

6 

October 

7 

October 

8 

October 

9 

October 

10 

October 

11. 

October 

12 

October 

13. 

October 

14. 

October 

15. 

Otctober 

16 

October 

17. 

OctoDer 

18. 

October 

19. 

October 

20. 

October 

21. 

October 

22. 

October 

23. 

October 

24. 

October 

25 . 

October 

26. 

October 

27. 

October 

28. 

1,700.00 

1.700.00 

1.800.00 
2,000.00 
2,500.00 

2.500.00 

2.700.00 

3.300.00 
3,300.UU 

3.400.00 

1.600.00 
1,600.00 
8,100.00 
1,600.00 
1,600.00 
1,600.00 

1.900.00 

1.600.00 
2,100.00 
2,100.00 

2.300.00 

3.000. 00 

1.600.00 
1,600.00 

2.000. 00 
2,000.00 

2.300.00 

2.400.00 

2.100.00 
2,100.00 
2,600.00 
1,600.00 
1,800.00 
1,800.00 
1,900.00 
1,900.00 

1.900.00 

2.000. 0u 

3.000. 00 
3,000.00 

1.700.00 

1.700.00 

1.800.00 
1,800.00 

4.800.00 

1.700.00 

1.800.00 

38.500.00 

12.500.00 
12,500.00 
12,500.00 

12.500.00 

12.800.00 
12,800.00 

1,800.00 

1,800.00 

1,800.00 

1,800.00 


REPORT  OF  SPECIAL  COMMITTEE 


41 


1906. — Continued. 

October  29 $ 1,900.00 

October  30 29,500.00 

October  31.... 1,700.00 


1 

2,500.00 

2 

3,800.00 

3 

85,100.00 

Nnvpm  h-p.r 

4 

85,100.00 

November 

5 

' 

85,800.00 

6 

3,000.00 

7 

3,000.00 

8 

3,400.00 

November 

9 

1,200.00 

Nnvfimhftr 

10. . 

1,600.00 

November 

11 

1,600.00 

November 

12 

1,600.00 

November 

13 

1,6,00.00 

Nnvftmhpr 

14 

2,100.00 

November 

15 

1,500.00 

November 

16 

2,100.00 

November 

17 

3,100. .00 

November 

18 

3,100.00 

November 

19 

2,400.00 

November 

20 

5,400.00 

November 

21 

5,500.00 

November 

22 

5,600.00 

November 

23 

6,500.00 

November 

24 

9,000.00 

November 

25 

9,000.00 

November 

26 

3,100.00 

November 

27 . . 

2,200.00 

November 

28 ... 

2,200.00 

November 

29 

2,200.00 

November 

30 

3,000.00 

December 

1 

2 700  00 

December 

2 

2 700  Ou 

December 

3 

4,200.00 

December 

4 

8,800.00 

December 

5 

1,900.00 

December 

6 

2,800.00 

December 

7 

3 100  00 

December 

8 

3,100  00 

December 

9 

3,100.00 

December 

10 

1,800.00 

December 

11 

2,300.00 

December 

12 

1,700.00 

December 

13 

1,800.00 

December 

14 

1,900.00 

December 

15 

4,600.00 

December 

16 

4,600.00 

December 

17 

6,700.00 

December 

18 

2,100.00 

December 

19 

2,900.00 

December 

20 

^ . 

8,100.00 

December 

21 

2,100.00 

December 

22 

2,100.00 

December 

23 

2,100.00 

December 

24 

6,000.00 

December 

25 

6,000.00 

42 


REPORT  OF  SPECIAL  COMMITTEE 


1906. — Continued. 

December  26 $ 

Decenlber  27 

December  28 

December  29 

December  30. 

December  31 


7.100.00 

1.300.00 

1.400.00 
33,900.00 
33,900.00 

1,400.00 


Total  daily  balances  for  1906,  $3,977,500.00,  divided  'by  365  days 
gives  an  average  daily  balance  of  $10,897.00  on  which  the  state 
received  no  interest. 

If  the  same  had  been  deposited  in  state  depositories  it  would  have 
earned  for  the  state  at  3 per  cent  $326.91. 


1907. 


January  1 

January  2 

....$  1,400.00 

600  00 

January  3 

6,800.00 

January  4 

January  5 

January  6 

1,000.00 

January  7 

6 900  00 

January  8 

January  9 

January  10 

January  11 

6,400.00 

January  12 

1,600.00 

January  13 

1 600  00 

January  14 

1,700.00 

January  15 

2,800  00 

January  16 

January  17 

1,400.00 

January  18 

l,400.0u 

January  19 

January  20 

1,400.00 

January  21 

6 700  00 

January  22 

- ' 

20*200.00 

January  23 

20,600.00 

January  24 

9,600.00 

January  25 

; 

7,900.00 

January  26 

6,700.00 

January  27. . . 

6 700  00 

January  28 

6*500.00 

January  29 

5,900.00 

January  30. ...  • 

January  31 

800.00 

February  1 

, 3,000.00 

February  2 

1,400.00 

February  3 

1,400.00 

February  4 

1,400.00 

February  5 

2,000.00 

February  6.. 

2,600.00 

February  7 

11,800.00 

February  8 

1,400.00 

February  9 

1,800.00 

February  10 

REPORT  OF  SPECIAL  COMMITTEE  43 


1907. — Continued. 

February  11 $ 4,700.00 

February  12 4,700.00 

February  13 5,700.00 

February  14 6,500.00 

February  15 .'i .:.... 21,600t00 

February  16 21,800.00 

February  17 21,800.00 

February  18 25,800.00 

February  19 4,200.00 

February  20 5,500.00 

February  21 5,600.00 

February  22 5,600.00 

February  23 4,300.00 

February  24 7,100.00 

February  25.... 2,300.00 

February  26 2,300.00 

February  27 2,300.00 

February  28 •• 1,000.00 

March  1 2,200.00 

March  2 3,700.00 

March  3 ,, 3,700.00 

March  4 4,100.00 

March  5... > 3,700.00 

March  6 23,800.00 

March  7 24,300.00 

March  8 24,200.00 

March  9 " 24,200.00 

March  1i0 24,200.00 

March  11 12,100.00 

March  12 10,100.00 

March  13 10,200.00 

March  14 : 10,400.00 

March  15 10,400.00 

March  16 10,500.00 

March  17 10,500.00 

March  18 9,700.00 

March  19 1,600.00 

March  20 1,700.00 

March  21 1,800.00 

March  22 1,900.00 

March  23 2,200.00 

March  24 2,200.00 

March  25 • 3,100.00 

March  26 3,600.00 

March  27 .' 4,000.00 

March  28 5,300.00 

.March  29 5,600.00 

March  30 5,800.00 

March  31 5,800.00 

April  1 11,500.00 

April  2 69,200.00 

April  3..... 69,700.00 

April  4 5,700.00 

April  5 6,000.00 

April  6 6,000.00 

April  7 6,000.00 

April  8 6,200.00 

April  9 5,500.00 


44 


REPORT  OF  SPECIAL  COMMITTEE 


1907. — Continued. 


April 

10. 

April 

11. 

April 

12. 

April 

13. 

April 

14. 

April 

15. 

April 

16. 

April 

17. 

April 

18. 

April 

19. 

April 

20. 

April 

21. 

April 

22. 

April 

23. 

April 

.24. 

April 

25. 

April 

26. 

April 

27. 

April 

28. 

April 

29. 

Aprn 

30. 

May 

1.  . 

May 

2.  . 

May 

3.. 

May 

4. . 

May 

5 . . 

May 

6.  . 

May 

7 . . 

May 

8.. 

May 

9.  . 

May 

10. . 

May 

11.  . 

May 

12.  . 

May 

13.  . 

May 

14.  . 

May 

15.  . 

May 

16.  . 

May 

17.  . 

May 

18.  . 

May 

19. . 

May 

20.  . 

May 

21.  . 

May 

22.  . 

May 

23.  . 

May 

24.  . 

May 

25.  . 

May 

26. . 

May 

27.  . 

May 

28. . 

May 

29.  . 

May 

30.  . 

May 

31.  . 

June 

1. 

June 

2.  . 

June 

3. 

June 

4. 

June 

5 . , 

June 

6. . 

1.400.00 

700.00 

800.00 

900.00 

900.00 

1.900.00 

900.00 

7.700.00 

9.200.00 

10,000.00 

800.00 

800.00 

1.300.00 

3.900.00 

4.000. 00 

2.500.00 

1.100.00 

2,200.00 

2,200.00 

2.300.00 

2.500.00 

3.000. 00 

4.300.00 

4.300.00 

4.600.00 

4.600.00 

2.200.00 

2.300.00 

29.200.00 

32.800.00 

32.800.00 

3.100.00 

3.100.00 

6.000. 00 

6,000.00 

15.900.00 

16.200.00 

10,000.00 

2.700.00 

2,700.00 

2.700.00 

3.600.00 

4.500.00 

4.500.00 

4,500.00 

4.500.00 

5.600.00 

7.700.00 

7.700.00 

8,000.00 

8,000.00 

8.300.00 

8.500.00 

8.500.00 

9.300.00 

13.100.00 

13.200.00 

13,200.00 


REPORT  OF  SPECIAL  COMMITTEE 


45 


1907. — Continued. 

June  7 • • $ 

June  8 • • 

June  9 

June  10 • • 

June  11 

June  12 • • 

June  13 • • 

June  14 ....*. 

June  15 • • 

June  16 

June  17 • • 

June  18 

June  19 • • 

June  20 

June  21 • • 

June  22 

June  23 • • *....■ 

June  24 

June  25 • • 

June  26 

June  27 • • 

June  28 

June  29 • • 

June  30 

July  1 

July  2 •• 

July  3 

July  4 

July  5 

July  6 ... 

July  7 

July  8 • • 

July  9 

July  10 

July  11 

July  12 

July  13 

July  14 

July  15 

July  16 

July  17 ■.....; 

July  18 

July  19 

July  20 

July  21 

July  22 

July  23. 

July  24...... 

July  25 

July  26 

July  27 

July  28-. 

July  29 

July  30 

July  31 

August  1 

August  2 

August  3 


14,200.(00 

1,700.00 

1.700.00 

1.800.00 
1,800.00 
3,500.00 

3.500.00 

6.900.00 
8,000.00 
8,000.00 

5.000. 00 

7.700.00 

8.400.00 

5.200.00 

5.700.00 

2.200.00 
2,200.00 

2.400.00 

3.400.00 

1.800.00 

2.400.00 

5.200.00 
14,800.00 

14.800.00 

5.700.00 

5.200.00 

5.600.00 

56.000. 00 

10.500.00 

13.300.00 

13.300.00 

9.200.00 

6.100.00 

6.900.00 

17.200.00 

11.400.00. 

12.100.00 
12,100.00 

8.400.00, 

6.400.00 

7.400.00 

5.700.00 

3.100.00 

3.300.00 

3.300.00 

2.300.00 

4. 600.00 

4.000. 00 

3.900.00 

3.900.00 

7.600.00 

7.600.00 

8.000. 00 

8.400.00 

8.900.00 

9.500.00 

5.600.00 
7.000.00 


46 


REPORT  OF  SPECIAL  COMMITTEE 


1907. — Continued. 


August 

4. 

August 

5 . 

August 

6. 

August 

7. 

August 

8. 

August 

9. 

August 

10. 

August 

11. 

August 

12. 

August 

13, 

August 

14. 

August 

15 . 

August 

16. 

August 

17. 

August 

18. 

August 

19. 

August 

20. 

August 

21. 

August 

22. 

August 

23. 

August 

24. 

August 

25. 

August 

26. 

August 

27. 

August 

28. 

August 

29. 

August 

30. 

August 

31. 

September 

1. 

September 

2. 

September 

3. 

September 

4. 

September 

5. 

September 

6. 

September 

7. 

September 

8. 

September 

9. 

September 

10. 

September 

11. 

September 

12. 

September 

13. 

September 

14. 

September 

15. 

September 

16. 

September 

17. 

September 

18. 

September 

19. 

September 

20. 

September 

21. 

September 

22. 

September 

23. 

September 

24. 

September 

25. 

September 

26. 

September 

27. 

September 

28. 

September 

29. 

September 

30. 

7.000. 00 

3.100.00 

2.000. 00 

2,000.00 

3.300.00 

3.400.00 

5.300.00 

5.300.00 

4.200.00 

5.100.00 

1.200.00 

1,800.00 

19,700.00 

1,500.00 

1.500.00 

1.300.00 

1.700.00 

2.100.00 

3.100.00 

2.300.00 

2.500.00 

2.500.00 

5.600.00 

5.200.00 

1.700.00 

3.500.00 

2.300.00 

2.700.00 

2.700.00 

3.200.00 

3.200.00 

6,000.00 

10,000.00 

5.200.00 

1.600.00 

1,600.00 

4.400.00 

2.700.00 

3,000.00 

4.700.00 

3.000. 00 

4.000. 00' 

4.000. 00 

2.400.00 

4.100.00 

4.000. 00 

3.300.00 

3.000. 00 

3.700.00 

3.700.00 

2.100.00 

2,100.00 

2,100.00 

2,100.00 

7.100.00 

8.300.00 

8.300.00 

2.100.00 


REPORT  OF  SPECIAL  COMMITTEE 


47 


1907. — Continued. 

October  1 $ 2,800.00 

October  2 •• 3,200.00 

October  3 3,500.00 

October  4 v. 1,500.00 

October  5 2,300.00 

October  6.. ••....  2,300.00 

October  7 ? 1,500.00 

October  8 •• - 2,600.00 

October  9 2,900.00 

October  10 1,400.00 

October  11 •• 1,500.00 

October  12 2,300.00 

October  13 2,300.00 

October  14 2,800.00 

October  15 2,800^00 

October  16 3,100.00 

October  17 : 3,800.00 

October  18 3,900.00 

October  19 3,500.00 

October  20 3,500.00 

October  21 3,600.00 

October  22 3,600.00 

October  23 3,600.00 

October  24 3,600.0U 

October  25 1,700.00 

October  26 1,700.00 

October  27 • • 1,700.00 

October  28 1,700.00 

October  29 1,700.00 

October  30 3,700.00 

October  31 4,300.00 

November  1 4,300.00 

November  2....-- 4,600.00 

November  3 4,600.00 

November  4 29,800.00 

November  5 3,800.00 

November  6. . • • 4,000.00 

November  7 4,000.00 

November  8 12,200:00 

November  9 12,400.00 

November  10, . • • 12,400.00 

November  11 4,000.00 

November  12 3,800.00 

November  13 1,900.00 

November  14 • • 2,400.00 

November  15 2,400.00 

November  16 2,900.00 

November  17 2,900.00 

November  18 2,900.00 

November  19 3,000.00 

November  20 • • 3,200.00 

November  21 3,800.00 

November  22 2,100.00 

November  23 2,100.00 

November  24...-. 2,100.00 

November  25 2,100.00 

November  26 2,200.00 

November  27 2,200.00 


48 


REPORT  OF  SPECIAL  COMMITTEE 


1907. — Continued. 

November  28 

November  29 

November  30 

December  1 

December  2 •• * 

December  3 

December  4 

December  5 . . . • • 

December  6 

December  7 . 

December  8 

December  9 • • 

December  10 

December  11 

December  12 

December  13 

December  14 

December  15 

December  16 

December  17 

December  18 

December  19 

December  20 

December  21 

December  22 

December  23 

December  24 •• 

December  25 

December  26 

December  27 •• 

December  28 

December  29 

December  30 

December  31 


$ 2,300.00 

2,300.00 
2,300.00 

2.300.00 

4.400.00 

4.900.00 

7.400.00 

3.200.00 

3.800.00 
3,800.00 

3.800.00 

73.800.00 

4.600.00 

1.900.00 
174,400.00 
174,400.00 
174,400.00 

174.400.00 

119.700.00 

119.800.00 

119.800.00 

120.900.00 

70.900.00 

71.300.00 

71.300.00 

72.400.00 

70.700.00 
70,700.00 

70.700.00 

70.600.00 
70,000.00 
70,600.00 

1.800.00 
2,200.00 


Total  daily  balances  for  1907,  $4,037,300.00,  divided  by  365  days 
gives  an  average  daily  balance  of  $11,061.00,  on  which  the  state 
received  no  interest. 

If  the  same  had  been  deposited  in  state  depositories  it  would  have 
earned  for  the  state  at  3 per  cent  $331.83. 


January  1 
January  2 
January  3 
January  4 
January  5 
January  6 
January  7 
January  8 
January  9 
January  10 
January  11 
January  12. 
January  13 
January  14. 


1908. 


1.800.00 

6.500.00 
7,000.00 

7.300.00 

7.300.00 

7.200.00 

2.100.00 
2,600.00 
8,800.00 

10.400.00 
12,000.00 

7.500.00 

7.600.00 

11.300.00 


REPORT  OF  SPECIAL  COMMITTEE 


49 


1908. — Continued. 

January  15... $ 

January  16 • • ^ 

January  17 

January  18 • • 

January  19 

January  20 • • 

January  21 

January  22 • 

January  23 

January  24 • • 

January  25 • • 

January  26 - 

January  27 • • 

January  28 

January  29 • • 

January  30 

January  31 


February 

1. 

February 

2. 

February 

3. 

February 

4. 

February 

5. 

February 

6. 

February 

7. 

February 

8. 

February 

9. 

February 

10. 

February 

11. 

February 

12. 

February 

13. 

February 

14. 

February 

15. 

February 

16. 

February 

17. 

February 

18'. 

February 

19. 

February 

20. 

February 

21. 

February 

22. 

February 

23. 

February 

24. 

February 

25. 

February 

26. 

February 

27. 

February 

28. 

February 

29. 

March  1 . 
March  2. 
March  3. 
March  4 . 
March  5. 
March  6. 
March  7 . 
March  8 . 
March  9 . 
March  10. 
March  11. 
March  12. 


13.100.00 

14.900.00 

11.500.00 

11.500.00 
16,000.00 

15.000. 00 

16.000. 00 
18,000.00 

13.700.00 
8,100.00 
8,100.00 

5.900.00 
2,000.00 
2,000.00 
2,000.00 

2.500.00 

3.200.00 

3.100.00 

3.100.00 

2.400.00 

9.400.00 
2,000.00 

2.300.00 

2.800.00 

23.200.00 

23.200.00 

26.200.00 
30,300.00 

30.300.00 

24.300.00 

24.400.00 

24.300.00 

24.300.00 

25.200.00 

25.300.00 

25.600.00 

23.400.00 

22.400.00 
22,400.00 

22.400.00 
22^500.00 

22.600.00 

22.900.00 

22.700.00 

23.300.00 

24.100.00 

24.100.00 
23,000.00 

23.900.00 

24.200.00 

27.300.00 

23.900.00 

24.100.00 

24.100.00 

26.700.00 

23,900:00 

25.600.00 

26.500.00 


4. 


50 


REPORT  OF  SPECIAL  COMMITTEE 


1908. — Continued. 

March 
March 
March 
March 
March 
March 
March 
March 
March 
March 
Marc  a 
March 
March 
March 
March 
March 
March 
March 
March 
April  1 . 

April  2 . 

April  3 . 

April  4. 

April  5 . 

April  6. 

April  7. 

April  8. 

April  9 . 

April  10. 

April  11. 

April  12. 

April  13 
April  14. 

April  15. 

April  16 
April  17. 

April  18. 

April  19. 

April  20. 

April  21. 

April  22 
April  23. 

April  24. 

April  25. 

April  26. 

April  27. 

April  28. 

April  29. 

April  30. 

May  1 . 

May  2. 

May  3. 

May  4. 

May  5 . 

May  6. 

May  7. 

May  8. 

May  9 . 


13 • • $ 

14.  

15  i'. 

16  

17  • • 

18  

19  

20  

21 

22  .-r. . .V..h 

23  

24  

25  ; . . . rvV,  ■ 

26  

27  

28  

29  • • 

30  

31  


25.500.00 

27.400.00 

27.400.00 

27.900.00 

27.900.00 

28.400.00 

29.200.00 

29.200.00 

28.400.00 

28.400.00 
*28,400.00 

28.500.00 

28.700.00 

28.700.00 

29.300.00 

28.900.00 

28.900.00 

29.900.00 

30.200.00 

27.800.00 

32.900.00 

35.200.00 

35.400.00 

35.400.00 

36.400.00 

45.400.00 

46.300.00 

27.800.00 

29.500.00 
9,500.00 

9.500.00 
11,100..00 

86.900.00 

8.500.00 

5. 200. . 00 

3.000. 00 

1.900.00 

1.900.00 

7.800.00 

7.800.00 

1.800. . 00 
2,000.00 

2.400.00 

3.200.00 

3.200.00 

3.800.00 

4.400.00 

3.100.00 

4.200.00 

4.400.00 
4,400.00 

4.400.00 

6.300.00 

7.900.00 
8,000.00 

12.600.00 

13.300.00 

13.500.00 


REPORT  OF  SPECIAL  COMMITTEE 


51 


1908. — Continued. 


May  10 

May  11 

May  12 

May  13 

May  14 

May  15 

May  16 

May  17.... 

May  18 

May  19 

May  20 

May  21 

May  22 

May  23 

May  24 

Ma.v  25 

$ 13,500.00 

7,300.00 

27,400.00 

22,800.00 

25,600.00 

26,700.00 

24,800.00 

24,400,00 

24,800.00 

25,100.00 

25,500.00 

25,500.00 

25,500.00 

25  800  00 

May  26 

25’, 600.00 

May  27 

23,600.00 

May  28 

23,600.00 

May  29 

May  30 

24,300.00 

May  31 

24,300.00 

June  1 

June  2 

26,800.00 

June  3 

29,300.00 

.Tun  ft  4 

28  400  00 

June  5 

. ...  28,500.00 

June  6 

24,800.00 

June  7 

24,800.00 

June  8. . • • 

24  100  00 

June  9 

24,’ 800.00 

June  10 

29,000.00 

June  11 

29,400.00 

June  12. 

29,400.00 

June  13 

29,700.00 

June  14 

29,700.00 

June  15 

29,800.00 

June  16. . • • 

June  17 

29,800.00 

June  18 

74,400.00 

June  19 

Jun-e  20 

June  21 

23,900.00 

June  22 

23,900.00 

June  23 • • . 

24  200  00 

June  24 

24,200.00 

June  25 

June  26 

June  27 

June  28 

June  29 

June  30.. •• 

28  100.00 

July  1 



July  2 

July  3 

July  4 

July  5 

July  6 

52 


REPORT  OF  SPECIAL  COMMITTEE 


1908. — Continued. 


July 

7 

July 

8 

July 

9 

July 

1C 

July 

11 

July 

12 

July 

13 

July 

14 

July 

15 

Julv 

16 

July 

17 

Julv 

18 

July 

19 

July 

20 

July 

21 

July 

22 

July 

23 

July 

24 

July 

25 

July 

26 

July 

27 

July 

28 

July 

29 

July 

30 

July 

31 

August  1 . . . . 
August  2 . . . . 
August  3 . . . . 
August  4 . . . . 

August  5 

August  6.  . . . 
August  7 . . . . 
August  8 . . . . 
August  9.  . . . 
August  10.... 
August  11 ...  . 
August  12 ...  . 
August  13. . . . 
August  14.  . . . 
August  15.... 
August  16 ...  . 
August  17. . . . 
August  18 ...  . 
August  19 ...  . 

August  20 

August  21 ...  . 
August  22.... 
August  23.  . . . 
August  24 ...  . 
August  25 ... . 
August  26. . . . 
August  27 ...  . 
August  28 ...  . 
August  29 ... . 
August  30 ...  . 
August  31 ...  . 
September  1 
September  2 


27.900.00 

30.609.00 

30.700.00 

28.700.00 

27.000. 00 

27.000  00 

26.500.00 

24.700.00 

30.300.00 

24.500.00 

28.700.00 

26.300.00 

26.300.00 
29,100  00 
29,709  09 

30.500.00 

30.500.00 

31.300.00 

28.500.00 

28.500.00 

25.400.00 

25.400.00 

26.500.00 

24.800.00 

25.300.00 

25,300.00 

25.300.00 

25.400.00 

25.400.00 

40.500.00 

41.000. 00 

25.500.00 

26.400.00 

26.400.00 

26.500.00 

25.500.00 

31.900.00 

25.600.00 

25,600.00 

25,600.00 

25.600.00 

27.100.00 

25.600.00 

25.600.00 

26.400.00 

26.000. 00 

25.900.00 

25.900.00 

26.400.00 

27.100.00 

27.100.00 

27.200.00 

27.400.00 

26.600.00 

26.600.00 

27.200.00 

27.100.00 

27.600.00 


REPORT  OF  SPECIAL  COMMITTEE 


53 


September 

3 

September 

4 

September 

5 

September 

6 

September 

7 

September 

8 

September 

9 

September 

10 

September 

11 

September 

12 

September 

13 

September 

14 

September 

15 

September 

16, 

September 

17, 

September 

18, 

September 

19, 

September 

20. 

September 

21, 

September 

22. 

September 

23, 

September 

24. 

September 

25. 

September 

26. 

September 

27. 

September 

28. 

September 

29. 

September 

30. 

October 

1 

October 

2, 

October 

3 

October 

4 

October 

5 

October 

6. 

October 

7, 

October 

8 

October 

9 

October 

10, 

October 

11, 

October 

12 

October 

13. 

October 

14, 

October 

15, 

October 

16, 

October 

17, 

October 

18, 

October 

19. 

October 

20. 

October 

21, 

October 

22. 

October 

23. 

October 

24. 

October 

25. 

October 

26. 

October 

27. 

October 

28. 

October 

29. 

October 

30. 

1908. — Continued. 


28,100.00 

28,300.00 

28,300.00 

28.300.00 

27.900.00 

27.900.00 

30.300.00 

30.300.00 

28,000.00 

28,000.00 

28,000.00 

27.800.00 

26.500.00 

26.800.00 

26,800.00 

26,800.00 

27,800.00 

27.800.00 

26.900.00 

26,000.00 

26,000.00 

25.500.00 

2-6,000.00 

26,000.00 

26,000.00 

26,000.00 

26.600.00 

26.900.00 

39.900.00 

28.100.00 

25,300.00 

25.300.00 

25.400.00 

27.500.00 

25.300.00 

25.400.00 

26.200.00 

26,700.00 

26.700.00 

32.100.00 

25.600.00 
'27,000.00 

26.600.00 

26,600.00 

28,400.00 

28.400.00 

25,000.00 

25,000.00 

25.100.00 
25.200  00 

25.800.00 

25.900.00 
25,900  00 

25.900.00 

25.400.00 

28.700.00 

28.700.00 

51.400.00 


54 


REPORT  OF  SPECIAL  COMMITTEE 


1908.— Continued. 

October  31 • • 

November  1 

November  2 

November  3 

November  4 • • 

November  5 

November  6 

November  7 

November  8 

November  9 

November  10 • • 

November  11 

November  12 

November  13... 

Noveber  14 • ■ 

November  15 

November  16 

November  17 

November  18 •• 

November  19 

November  20 

November  21 

November  22 • • 

November  23 

November  24 

November  25' 

November  26 

November  27 

November  28 ••.... 

November  29 

November  30 

December  1 • • 

December  2 

December  3 

December  4 

December  5 

December  6 •. 

December  7 •• 

December  8 

December  9 

December  10 

December  11 

December  12 

December  13 

December  14 •• 

November  15 

December  16 

December  17 

December  18. . . • • 

December  19 

December  20 

December  21 •• , 

December  22 

December  23 

December  24 

December  25 

December  26 

December  27 •• 


$ 23,500.00 
23,500.00 
23,500.00 

23.500.00 

23.700.00 
25,000.00 
25,000.00 
25,000.00 

25.000. 00 

22.400.00 

24.500.00 

22.700.00 

23.800.00 

22.500.00 
22,500.00 

22.500.00 

23.400.00 

24.900.00 

22.500.00 

23.100.00 

23.200.00 
23,200.00 
23,200.00 
23,200.00 

23.200.00 

26.300.00 

26.400.00 

24.000. 00 

25.400.00 

25.400.00 

24.400.00 

36.200.00 

37.100.00 

38.900.00 

25.800.00 

23.100.00 

23.100.00 

23.300.00 

23.800.00 

29.000. 00 

11.600.00 

11.900.00 

12.900.00 

12.900.00 

22.100.00 

22.300.00 

22.700.00 

24.400.00 

75.200.00 

75.200.00 

75.200.00 

23.600.00 

23.700.00 

241.500.00 

241.700.00 

241.700.00 

195.600.00 
195,600.00 


REPORT  OF  SPECIAL  COMMITTEE 


55 


1908. — Continued. 

December  28 

December  29 

December  30 

December  31 . . . • • 

Total  daily  balances  for  1908,  $9,840,800.00,  divided  by  365  days 
gives  an  average  daily  balance  of  $27,000.00  on  which  the  state 
received  no  interest. 

If  the  same  had  been  deposited  in  state  depositories  it  would  have 
earned  for  the  state  at  3 per  cent  $810.00. 

For  the  purpose  of  investigating  the  excess  deposits  in  the  various 
banks  of  the  state  during  the  administration  of  Albert  Peterson, 
state  treasurer,  for  the  years  1905-677-8,  your  committee  visited  the 
following  banks,:  First  State  Bank  of  Ashley,  Cogswell  State  Bank, 
First  National  Bank  of  Lidgerwood,  Barton  State  Bank  and  the 
First  National  Bank  of  Rugby. 

Nothing  irregular  was  found  at  the  First  State  Bank  of  Ashley 
and  the  Cogswell  State  Bank,  except  that  for  nearly  the  entire 
period  covering  four  years,  these  banks  had  amounts  of  state  funds 
in  excess  of  the  amount  they  were  designated  for. 

At  the  First  National  Bank  of  Lidgerwood  for  the  purpose,  of 
covering  the  amounts  of  state  deposits  in  excess  of  the  amount  it 
was  designated  for,  it  was  customary  prior  to  the  time  of  publishing 
the  statement  of  banks  showing  the  amount  of  state  funds  therein, 
to  transfer  certain  sums  from  the  state  checking  account  to  cashier’s 
checks,  thereby  making  the  balance  in  the  bank  appear  less  than  it 
really  was.  Immediately  after  the  statement  was  published,  the 
cashier’s  checks  would  be  credited  to  the  regular  account  of  the 
state.  In  the  meantime  the  cashier’s  checks  would  be  carried  as  cash 
on  hand  in  the  treasurer’s  office  at  Bismarck. 

On  September  26th,  1905,  the  balance  due  the  state  from  the 
First  National  Bank  of  Lidgerwood  was  $24,363.54.  The  designa- 
tion at  that  time  for  said  bank  was  $15,000.00,  making  an  excess  of 
$9,363.54.  On  this  date  $12,500.00  was  transferred  to  cashier’s 
check  No.  1810,  thereby  making  it  appear  that  the  deposit  in  this 
bank  was  only  $11,863.54,  when  in  reality  it  was  $24,363.54.  On 
October  3rd,  1905,  the  cashier’s  check  No.  1810  was  cancelled  and 
the  amount  credited  to  regular  state  account. 

On  October  25th,  1905,  a similar  transfer  of  $12,000.00  was  made. 

The  amount  of  items  carried  as  cash  on  hand  are  not  large  as 
compared  with  his  predecessor  in  office,  but  show  a loss  to  the  state 
of  $1,939.74  in  interest. 

At  the  First  National  Bank  of  Rugby  we  found  the  following 

conditions : : 

In  1906  this  bank  was  designated  as  a state  depository  in  the  sum 
of  $5,000.00.  The  state  deposits  during  the  year  amounted  to 
$19,951.03,  an  excess  of  $14,951.03. 

For  1907,  $34,036.11,  an  excess  of  $29,036.11. 


98.900.00 
100,800.00 

80,300.0*0 

83.700.00 


56 


REPORT  OF  SPECIAL  COMMITTEE 


For  1908  the  designation  was  raised  to  $10,000.00.  The  amount 
for  that  year  fluctuated  from  $10,000.00  to  as  high  as  $15,316.13,  an 
excess  of  $35,316.13. 

Your  committee  found  evidence  that  would  tend  to  prove  that 
there  was  a special  agreement  or  understanding  between  Andy  H. 
Jones  and  Albert  Peterson,  state  treasurer,  whereby  Peterson 
received  monies  in  excess  of  the  regular  3 per  cent  interest  allowed 
the  state  for  maintaining  unusually  large  balances  in  the  First 
National  Bank  of  Rugby. 

For  instance,  on  August  14th,  1906,  draft  No.  17584,  for  $100.00, 
was  issued  by  the  First  National  Bank  of  Rugby  payable  to  Albert 
Peterson.  This  draft  was  paid  to  the  Cogswell  State  Bank  and 
bears  fhe  endorsement  of  A.  Peterson. 

On  August  14,  1906,  draft  No.  17585,  for  $200.00,  was  issued  by 
the  First  National  Bank  of  Rugby  to  Albert  Peterson.  This,  draft 
is  stamped  paid  August  22,  1906,  by  the  First  National  Bank  of 
Rugby. 

October  23,  1906,  draft  No.  18683,  for  $2Q0.00,  was  issued  to 
Albert  Peterson  by  the  First  National  Bank  of  Rugby.  This  draft 
was'  paid  through  the  Cogswell  State  Bank  and  bears  the  endorse- 
ment of  A.  Peterson. 

December  26,  1906,  draft  No.  19685,  for  $1000.00,  was  issued  bv 
the  First  National  Bank  of  Rugby  to  Albert  Peterson.  On  Decem- 
ber 31,  1906,  this  draft  was  cashed  by  the  First  National  Bank  of 
Lidgerwood,  said  bank  issuing  their  time  certificate  of  deposit  No. 
1369,  payable  to  A.  Peterson.  On  June  7,  1907,  this  certificate  of 
deposit  was  exchanged  for  cashier’s  check  No.  '3414,  for  $1025.00. 
This  cashier’s  check  was  cashed  by  Mr.  Peterson  at  the  First  Na- 
tional Bank  of  Lidgerwood  on  July  8,  1907. 

August  17,  1908,  the  First  National  Bank  of  Rugby  issued  its 
draft  No.  26755  for  $220.00,  payable  to  Albert  Peterson,  treasurer. 
This  draft  was  cashed  through  the  First  National  Bank  of  Bismarck 
and  bears  the  endorsement  of  the  “State  of  North  Dakota,  Albert 
Peterson,  Treasurer.” 

March  19,  1908,  the  First  National  Bank  of  Rugby  issued  its  time 
certificate  of  deposit  No.  3808,  payable  to  A.  Harris.  On  November 
2.  1908,  this  certificate  was  cashed  by  said  bank  and  bears  the 
endorsement  of  “A.  Harris”  and  “State  of  North  Dakota,  Albert 
Peterson,  Treasurer.”  In  connection  with  this  certificate  the  name 
of  A.  Harris  was  a fictitious  name  and  use’tl  for  the  convenience  of 
Andy  Jones. 

After  an  examination  of  the  bank  it  does  not  appear  that  Albert 
Peterson  personally  or  as  state  treasurer,  ever  gave  any  considera- 
tion for  these  drafts  and  time  certificates  other  than  *the  keeping  of 
a large  balance  of  state  money  in  the  First  National  Bank  of  Rugby 
and  the  Barton  State  Bank,  in  which  Andy  Jones  was  interested. 


REPORT  OF  SPECIAL  COMMITTEE 


57 


For  the  purpose  of  verifying  the  above  conclusion,  we  quote  a 
copy  of  a letter  which  was  dictated  by  A.  H.  Jones  and  directed  to 
Albert  Peterson.  The  copy  was  taken  from  the  stenographer’s  note- 
book at  Rugby  and  has  been  vouched  for  by  affidavit. 

“Rugby,  N.  D.,  October  23,  1908. 

“Albert  Peterson, 

“Cogswell,  N>.  D., 

“Dear  Sir : I received  word  the  other  day  that  you  drawed  your 
$5000  out  of  the  York  State  Bank.  I have  been  going  over  our 
accounts  and  find  that  you  have  not  complied  with  your  agreement 
made  with  you  and  as  long  as  you  couldn’t  there  is  no  reason  why 
that  you  are  to  keep  $3500.00  of  my  money.  I want  you  now  to 
return  to  me  $1500.00  of  the  money  and  keep  the  balance  that  is  in 
the  bank  here  now,  here,  and  at  Barton,  and  if  not,  I want  you  to 
return  the  whole  business.  But  if  you  will  send  me  a draft  for  $1500 
and  keep  the  balance  here  I will  call  it  a settlement.  I have  been 
played  horse  with  as  long  as  I am  going  to  be  now  and  it  is  about 
time  I said  something,  and  I want  to  receive  a remittance  from  you 
on  receipt  of  this  letter.  You  ought  to  pay  at  least  $600  of  mileage 
and  expenses  running  to  see  you  ever  since  I made  the  deal  with 
you,  but  if  you  will  send  me,  on  receipt  of  this  letter  $1500  and  leave 
the  balance  that  you  have  in  our  banks  he-re,  I will  call  it  a settlement 
and  I want  to  hear  from  you  together  with  the  remittance.  No  talk 
goes  with  me.  I had  your  terms  last  summer  in  good  shape  after 
paying  you  my  money  and  I paid  you  over  $7,500.00  all  told.  Forty- 
eight  at  Rugbv  Fifteen  at  Barton  and  there  were  to  be  $15000  left 
with  McCarthy  with  his  string  of  banks  until  you  was  out  of  the 
office.  Now,  what  I want  is  some  of  the  money  back  that  I have  put 
in.  It  is  the  fall  of  the  year  now  and  I suppose  the  money  that  I 
gave  you  done  you  some  good  as  well  as  the  money  you  deposited 
with  me  done  me  some  good. 

“Yours  trulv, 

“(Signed)  ' A.  H.  Jones.” 

Upon  investigation  we  found  that  on  the  dates  corresponding 
with  the  issuance  of  drafts  and  time  certificates  of  deposit  to  Albert 
Peterson,  that  the  personal  account  of  Andy  Jones  was  charged 
with  the  different  items  as  stated  in  said  drafts  and  time  certificates. 

Prior  to  1908  the  Barton  State  Bank  was  not  designated  as  a 
depository  for  state  funds.  Notwithstanding  this  fact,  state  funds 
were  deposited  with  them  as  follows : 

For  the  year  1905,  amounts  varying  from  $1441.00  to  $5000.00. 

For  1906,  from  August  3,  to  December  31,  $10,000.00. 

For  1907,  from  January  1,  to  October  1,  $10,000.00 ; from  October 
1,  to  December  3,  $9395.00;  from  December  3,  to  Januarv  1, 
$6395.80. 


58 


REPORT  OF  SPECIAL  COMMITTEE 


For  1908,  at  which  time  they  were  designated  as  a state  deposi- 
tory for  $10,000.00,  during  the  year  the  balance  varied  from 
$5,904.00  to  $15,094.28. 

On  May  18,  1908,  the  Barton  State  Bank  issued  its  time  certificate 
of  deposit  No.  1204  for  $1500.00  payable  to  A.  H.  Jones.  To  offset 
this  certificate  the  personal  account  of  A.  H.  Jones  was  charged 
with  $1500.00.  We  find  this  certificate  to  have  been  paid  on  Nov. 
4,  1908,  by  the  Barton  State  Bank  and  bears  the  endorsement  of 
<4A.  H.  Jones”  and  “State  of  North  Dakota,  Albert  Peterson,  Treas- 
urer." No  money  consideration  passed  from  Mr.  Peterson  to  Mr. 
Jones  for  the  issuance  of  this  certificate  which  leads  us  to  believe 
that  the  consideration  therefor  was  the  maintaining  of  a large  bal- 
ance of  state  funds  in  the  Barton  State  Bank.  ~ 


1909. 


January 

1. 

January 

2. 

January 

3 

January 

4. 

January 

5. 

January 

6. 

January 

7. 

January 

8. 

January 

9, 

January 

10 

January 

11. 

January 

12 

January 

13 

January 

14, 

January  : 

16. 

January 

16 

January 

17 

January 

18 

January 

19 

January 

20 

January 

21 

January 

22 

January 

23 

January 

24 

January 

25 

January 

26 

January 

27 

January 

28 

January 

29 

January 

30 

January 

31 

February 

February 

February 

February 

February 

February 

February 

February 

5 83,700.00 

9,700.00 

9,700.00 

9.700.00 

11,800.00 

1.028.300.00 

1.037.800.00 

1.052.500.00 

1.056.400.00 

1,056,400.00 

721.600.00 

835,000,00 

198.200.00 

201.700.00 

178.400.00 

150.900.00 

150,900.00 

85.400.00 

7.600.00 

7.600.00 

8.700.00 

10.800.00 

5.200.00 

5.200.00 

11.400.00 

1.200.00 

5.200.00 

3.300.00 

3,000.00 

3,000.00 

3,000.00 

900.00 

900.00 

900.00 

23.400.00 

23.800.00 

21.600.00 

21,600.00 

24,100.00 


59 


\ 


REPORT  OF  SPECIAL  COMMITTEE 


1909. — Continued. 


February  9 

February  10 

February  11 

February  12 

February  13 

February  14 

February  15 

- * * ' 

$ 22,700.00 

22,700.00 

26,700.00 

27,700.00 

33  100.00 

February  16 

February  17 

February  18 

27,200.00 

February  19 

24  000  00 

February  20 

February  21 

February  22 

February  23 

February  24 

29  300  00 

February  25 

.....  30  800  00 

February  29 

February  27 

30  100  00 

February  28 

March  1 

March  2 

March  3 

March  4 

March  5 

March  6 

March  7 

March  8 _ Qs’nnn  nn 

March  9 

March  10 37  700  00 

March  11 ..  38*600  ^0 

March  12 qc  onn  nn 

March  13 

March  14 

March  15 ..  QsVnn  nn 

March  16 

March  17 

March  18 

March  19 

March  20 

180,300.00 

March,  21 

March  22 

181,100.00 

March  23 

March  24 

132,300.00 

March  25 

March  26 

32,800.00 

March  27 

March  28 

32,800.00 

March  29 

March  30 

3,900.00 

March  31 

3,400.00 

April  1 

5.000.00 

April  2 

April  3 

1,800.00 

April  4 

1,800.00 

April  5 

April  6 

April  7 

60 


REPORT  OF  SPECIAL  COMMITTEE 


1909.— Continued. 

April  8 $ 18,100.00 

April  9 18,300.00 

April  10 18,500.00 

April  11 18,500.00 

April  12 20,200.00 

April  13 23,200.00 

April.  14 29,400.00 

April  15 30,000.00 

April  16 30,400.00 

April  17 30,400.00 

April  18 34,600.00 

April  19 29,300.00 

April  20 29,300.00 

April  21 29,100.00 

April  22 30,500.00 

April  23 28, '8  00.00 

April  24 28,800.00 

April  25 28,800.00 

April  26 29,600.00 

April  27 30,100.00 

April  28 30,200.00 

April  29 30,200.00 

April  30 30,200.00 

May  1 30,200.00 

May  2 30,200.00 

May  3 37,300.00 

May  4 29,100.00 

May  5 29,100.00 

May  6 '... 29,000.00 

May  7 30,200.00 

May  8 28,700.00 

May  9 28,700.00 

May  10 30,000.00 

May  11 30,500.00 

May  12 30,500.00 

May  13 30,500.00 

May  14 60,000.00 

May  15 94.400.00 

May  16 94,400.00 

May  17 54,300.00 

May  18 37^,500.00 

May  19 373,100.00 

May  20 379,100.00 

May  21 379,100.00 

May  22 379,500.00 

May  23 379,500.00 

May  24 144,300.00 

May  25 % 71,200.00 

May  26 72,100.00 

May  27 * 72,200.00 

May  28 72,100.00 

May  29 70,500.00 

May  30 70,500.00 

May  31  .. 70,500.00 

June  l’.'. V 74,100.00 

June  2 71,200.00 

June  3 71,100.00 

June  4 73,400.00 


REPORT  OF  SPECIAL  COMMITTEE 


61 


1909. — -Continued. 


June 

.Tiirift 

5  

6  

$ 75,100.00 

75  100  00 

June 

7 

70  900  00 

June 

8 

72,100.00 

June 

9 

...  ..  73  200  00 

June 

10 

June 

11 

June 

12 

93,800.00 

June 

13 

June 

14 

June 

15 

June 

16 

. . . 296  800  00 

June 

17 

June 

18 ..... 

June 

19 

June 

20 

June 

21 

June 

22 

June 

23 

June 

24 

June 

25 

June 

26 . . . . 

June 

27 

June 

28 

June 

29 

June 

30 .... 

July 

1 

July 

2 

July 

3 

July 

July 

July 

6 

July 

7 

July 

8 

July 

9 ..  •’ 

July 

10 

July 

11 

July 

12 

July 

13 

July 

14 

July 

July 

16 

July 

17 

July 

18 

July 

19 

July 

20 

July 

21 

July 

22 - 

July 

23 

July 

24 

July 

July 

26 

July 

27. 

July 

28 

July  . 

29 

July 

30 

July 

31 

AuSust  1 83!000‘.00 

62 


REPORT  OF  SPECIAL  COMMITTEE 


1909. — Continued. 


August  2. 
August  3 . 
August  4 . 
August  5 . 
August  6 . 
August  7 . . 

.$  91,600.00 

86.900.00 
. 85,100.00 

86.200.00 
83,800.00 

1 200.00 

August  8 . 

1,200.00 

August  9 . . 

13,500.00 

August  10. 

14,000.00 

August  11 . 

2,700.00 

August  12. 

4,000.00 

August  13 

3 900  00 

August  14. 

2,700.00 

August  15 . , 

2,700.00 

August  16. 



. 27,900.00 

August  17. 

28,400.00 

August  18 . 

28,600.00 

August  19 . 

29,500.00 

August  20. 

29  700  00 

August  21. 

30’, 300.00 

August  22. . 

30,300.00 

August  23. 

5,400.00 

August  24. , 

2,200.00 

August  25 . 

1,800.00 

August  26. 

1 200.00 

August  27 . 

l’, 300.00 

August  28. 

900.00 

August  29. 

900.00 

August  . . . 

4,400.00 

August  31 . 

4,200.00 

September 

1 

2,100.00 

September 

2 

4,800.00 

September 

3 

3,200.00 

September 

4 

3 400  00 

September 

5 

3,400.0u 

September 

6 

3,400.00 

September 

7 

4,900.00 

September 

8 

5 000.00 

September 

9 

- 

800.00 

September 

10 

800  00 

September 

11 

38,400.00 

September 

12 

38,400.00 

September 

13 

38,100.00 

September 

14 

40,100.00 

September 

15 

38,500.00 

Septembber 

16 

20  300  Uu 

September 

17 

20^400.00 

September 

18 

20,400.00 

September 

19 

20  400.00 

September 

20 

20  400  00 

September 

21 

8,800.00 

September 

22 

8,800.00 

September 

23 

. 199,100.00 

September 

24 

171  100  00 

September 

25 

. 171^500.00 

Seutember 

26 

171,500  00 

September 

27 

. 170,900.00 

September 

28 

. 170,900.00 

REPORT  OF  SPECIAL  COMMITTEE 


63 


September  29 
September  30 
October  1 . . . 
October  2... 
October  3 . . . 
October  4 . . . 
October  5... 
October  6... 
October  7 . . . 
October  8 . . • 
October  9.  . . 
October  10 . . . 
October  11 . . . 
October  12... 
October  13 . . . 
October  14 . . . 
October  15... 
October  16... 
October  17... 
October  18 . . . 
October  19... 
October  20... 
October  21 . . . 
October  22... 
October  23... 
October  24... 
October  25 . . . 
October  26... 
October  27... 
October  28... 
October  29 . . . 
October  30... 
October  31... 
November  1 . 
November  2 . 
November  3. 
November  4 . 
November  5. 
November  6. 
November  7. 
November  8 . 
November  9. 
November  10. 
November  11. 
November  12. 
November  13. 
November  14. 
November  15. 
November  16. 
November  17. 
November  18. 
November  19. 
November  20. 
November  21. 
November  22. 
November  23. 
November  24. 
November  25. 


1909. — Continued. 


$ 134,100.00 
188,000.00 

179.200.00 

191.100.00 
191,100.00 

80,600.00 

81,200.00 

68.500.00 

69.700.00 

65.400.00 

58.400.00 

58.400.00 

60.800.00 

57.800.00 

34.400.00 

35.600.00 

32.800.00 

37.100.00 

37.100.00 

37.400.00 

35.500.00 

35.500.00 

37.100.00 

37.500.00 

32.800.00 
32,800.00 
32,800.00 

32.800.00 

33.300.00 

37.600.00 

37.600.00 

37.700.00 

37.700.00 

33.200.00 

61.600.00 

33.800.00 

33.400.00 

33.600.00 

55.500.00 
55,500.00 

55.500.00 

33.000. 00 

36.600.00 

36.600.00 

37.700.00 

37.800.00 

37.800.00 

36.100.00 

36.100.00 

36.000. 00 

36.200.00 

40.800.00 
36,000.00 
36,000.00 
36,000.00 

36.800.00 

35.800.00 

35.800.00 


64 


REPORT  OF  SPECIAL  ..COMMITTEE 


1 9 09 . — Continued . 


November  26 
November  27. 
November  28. 
November  29. 
November  30. 
December  1 . 
December  2. 
December  3 . 
December  4. 
December  5. 
December  6. 
December  7 . 
December  8. 
December  9. 
December  10. 
December  11. 
December  12. 
December  13 . 
December  14 . 
December  15. 
December  16. 
December  17. 
December  18. 
December  19. 
December  20. 
December  21. 
December  '22. 
December  23. 
December  24. 
December  25. 
December  26. 
December  27. 
December  28 . 
December  29. 
December  30 . 
December  31. 


$ 40,200.00 

40,200.00 

40.200.00 

65.300.00 

36.100.00 

36.500.00 
81,000.00 

82.800.00 
83,200.00 

83.200.00 

34.600.00 
, 124,100.00 

109,000.00 

82.600.00 

35.600.00 

35.300.00 

35.300.00 

40.100.00 

33.400.00 

35.800.00 

34.800.00 

49.400.00 

49.200.00 

49.200.00 

89.600.00 

88.400.00 

33.300.00 

33.500.00 

34.200.00 
34,200.00 

34.200.00 

42.500.00 

41.600.00 

33.400.00 

35.900.00 

74.200.00 


Total  clailv  balances  for  1909,  $34,047,300.00,  divided  by  365  days 
gives  an  average  daily  balance  of  $93,280.00  on  which  the  state 
received  no  interest. 

If  the  same  had  been  deposited  in  state  depositories  it  would  have 
earned  for  the  state  at  3 per  cent,  $2,798.40. 


1910. 


January  1 
January  2 
January  3 
January  4 
January  5 
January  6. 
January  7. 
January  8 
January  9 
January  10, 
January  11 


$ 74,200.00 

74.200.00 

37.300.00 

35.400.00 

39.700.00 

54.100.00 

52.200.00 

30.200.00 
30,200.00 

30.200.00 

18.200.00 


REPORT  OF  SPECIAL  COMMITTEE 


65 


1910. — Continued. 

Tanuary  12 $ 

January  13 

January  14 

January  15 

January  16 

January  17 

January  18 

January  19 

January  20 

January  21...  v 

January  22 

January  23 

January  24 

January  25 

January  26 

January  27 

January  28 «... 

January  29 

January  30 

January  31 

February  1 

February  2 

February  3 • • 

February  4 

February  5 

February  6 • • 

February  7 

February  8 

February  9 

February  10 

February  11 

February  12 

February  13 

February  14 

February  15 

February  16 

February  17 

February  18 

February  19 

February  20 

February  21 

February  22.... 

February  23 

February  24 

February  25 •• 

February  26 

February  27 

February  28 

March  1 

March  2 

March  3 

March  4 

March  5 

March  6 

March  7 

March  8 • • 

March  9 

March  10 ..... 


12.400.00 

10.900.00 

13.400.00 
3,700.00 

3.700.00 

6.600.00 

1.700.00 

2.100.00 

6.300.00 

1.800.00 
1,600.00 
1,600.00 

16.200.00 

1.400.00 
5,000.00 

4.800.00 

1.300.00 

2.600.00 
2,600.00 

2.300.00 

3.600.00 

2.700.00 

9.600.00 

5.300.00 
14,100.00 

14.100.00 

2.700.00 

3.800.00 
35,000.00 

27.800.00 

7.700.00 
7,700.00 

7.700.00 

19.300.00 

19.300.00 

9.700.00 

3.200.00 

454.300.00 

512.100.00 
512,100.00 
512,100.00 

512.100.00 

551.300.00 

437.000. 00 

437.900.00 

398.400.00 
398, 400. *'0 

357.000. 00 

358.600.00 

322.000. 00 

42.900.00 

44.700.00 

44.900.00 

44.900.00 
41,000.00 

84.500.00 

87.100.00 

130.300.00 


5— 


66 


REPORT  OF  SPECIAL  COMMITTEE 


1910. — Continued. 


Vlarch 

11. .. 

March 

12.  . . 

March 

13.  . . 

March 

14.  . . 

March 

15... 

March 

16.  . . 

March 

17.  . . 

March 

18.  . . 

March 

19.  . . 

March 

20.  . . 

March 

21.  . . 

March 

22.  . . 

March 

23.  . 

March 

24.  . 

March 

25.. 

March 

26.  . 

March 

27.  . 

March 

28.  . 

March 

29.  . 

March 

30.. 

March 

31.  . 

April 

1.  . . 

April 

2.  . . 

April 

3..  . 

April 

4.  . . 

April 

5. . . 

April 

6.  . . 

April 

7.  . . 

April 

8.  . . 

April 

9.  .. 

April 

10.  . . 

April 

11.  . . 

April 

12.  . . 

April 

13... 

April 

14. . . 

April 

15.  .. 

April 

16.  . . 

April 

17.  . . 

April 

18. . . 

April 

19.  . . 

April 

20. . . 

April 

21.  . . 

April 

22... 

April 

23... 

April 

24... 

April 

25... 

April 

26... 

April 

27.  . . 

April 

28. . . 

April 

29.  . . 

April 

30..  . 

May- 

1 

May 

2.... 

May 

2.... 

May 

4 

May 

5 . . . . 

May 

6 

May 

7.  . . . 

1,509.90 

4,500.00 

4.500.00 

2.200.00 

1.400.00 

5.800.00 

6.300.00 

323.000. 00 

106,300.00 

106.300.00 

101.800.00 

79.600.00 

74.500.00 

310.200.00 

6.100.00 

6,100.00 

6,100.00  - 

6,600.00 

56.100.00 

24.600.00 

5.700.00 

11.600.00 

4.100.00 
, 4,100.00 

5.500.00 

5.700.00 

6.700.00 

5.100.00 

21.700.00 

4.200.00 

4.200.00 

4.600.00 

3.700.00 

5.100.00 

5.100.00 

3.400.00 

4,000.00 

4,000.00 

6.700.00 

97.500.00 

26.100.00 

27.200.00 

166.000. 00 

90.800.00 

90.800.00 

188.900.00 

188,900.00 

28.700.00 

30.500.00 

30.200.00 

30.300.00 

30.300.00 

29.300.00 

16.800.00 

19.100.00 

21.200.00 

23.300.00 

19.800.00 


REPORT  OF  SPECIAL  COMMITTEE 


67 


1910. — Continued. 


May 

8. 

May 

9. 

May 

10. 

May 

11. 

May 

12. 

May 

13. 

May 

14. 

May 

15. 

May 

16. 

May 

17. 

May 

18. 

May 

19. 

May 

20. 

May 

21. 

May 

22. 

May 

23. 

May 

24. 

May 

25. 

May 

26. 

May 

27. 

May 

28. 

May 

29. 

May 

30. 

May 

31. 

June 

1. 

June 

2. 

June 

3, 

June 

4. 

June 

5. 

June 

6. 

June 

7. 

June 

8. 

June 

9. 

June 

10. 

June 

11. 

June 

12. 

June 

13. 

June 

14. 

June 

15. 

June 

16. 

June 

17. 

June 

18. 

June 

19. 

June 

20. 

June 

21. 

June 

22. 

June 

23. 

June 

24. 

June 

,25. 

June 

26. 

June 

27. 

June 

28. 

June 

29. 

June 

30. 

July 

1. 

July 

2. 

July 

3. 

July 

4. 

19.800.00 

18.800.00 

18.900.00 

24.100.00 

17.500.00 

64.200.00 
65,000.00 

65.000. 00 

64.000. 00 

82.700.00 

64.700.00 

29.100.00 

29.100.00 

38.500.00 

38.500.00 

25.100.00 

20.100.00 

20,600.00 

17.900.00 

26.000. 00 
26,000.00 
26,000.00 
26,000.00 

26.700.00 

17.500.00 

21.500.00 

16.800.00 
16,800.00 
16,800.00 

17.200.00 

16.100.00 

16.300.00 

16.400.00 
16,400.00 
16,400.00 

16.400.00 

15.800.00 

28.500.00 

16.600.00 
17,400.00 

17.400.00 

16.100.00 
16,100.00 

16.300.00 

20.100.00 

16,000.00 

16.300.00 

25.600.00 

15.500.00 

15.500.00 

48.700.00 

23.700.00 

23.700.00 

25.700.00 

53.800.00 

17.500.00 
17,500.00 
17,500.00 


68 


REPORT  OF  SPECIAL  COMMITTEE 


1910. — Continued. 


Tuly  5 

July  6. 

July  7. 

July  8. 

July  9. 

July  10. 

July  11. 

July  12. 

July  13. 

July  14. 

July  15. 

July  16. 

July  17. 

July  18. 

Julty  19 

July  20. 

July  21, 

July  22 

July  23, 

July  24 

July  25 

July  26 

July  27. 

July  28 

July  29 

July  30 

July  31 

August 

1 

August 

2 

August 

3, 

August 

4 

August 

5, 

August 

6 

August 

7, 

August 

8 

August 

9 

August 

10 

August 

11 

August 

12 

August 

T3 

August 

14 

August 

15 

August 

16 

August 

17 

August 

18 

August 

19 

August 

20 

August 

21 

August 

22 

August 

23 

August 

24 

August 

25 

August 

26 

August 

27 

August 

28 

August 

29 

August 

30 

August 

31 

17.400.00 

19.300.00 

18.900.00 

25.100.00 

18.200.00 

18,200.00 

23.500.00 

29.600.00 

26.500.00 

21.100.00 

23.500.00 

18,000.00 

18,000.00 

15.500.00 

15.700.00 

20.100.00 

19.500.00 

16,000.00 

19,000.00 

19.000. 00 

19.600.00 

15.800.00 

15.800.00 

19.500.00 

15.900.00 

17.600.00 

17.600.00 

18.100.00 

17.900.00 

18.200.00 

18.300.00 

20.000. 00 

1,400.00 

1.400.00 

1.700.00 

500.00 

700.00 

6.600.00 

7,000.00 

7,000.00 

7,000.00 

8,300.00 

8,300.00 

26.100.00 

26,100.00 

25,400.00 

25,400.00 

25.400.00 

25.800.00 

25.800.00 

26.500.00 

26.500.00 

40.900.00 

40,900.00 

40.900.00 

41.400.00 

41.400.00 

41.100.00 


REPORT  OF  SPECIAL  COMMITTEE 


69 


1910. — Continued. 

September  1 

September  2 • 

September  3 

September  4 

September  5 

September  6 • 

September  7 

September  8 

September  9 

September  10 • 

September  11 

September  12 • 

September  13 

September  14 • 

September  15 

September  16 • 

September  17 

September  18 • 

September  19 

September  20 

September  21 

September  22 

September  23 

September  25 

September  25 

September  26 

September  27 

September  28 

September  29 .. 

September  30 

October  1 

October  2 

October  3 ^ 

October  4 

October  5 

October  6 

October  7 

October  8 

October  9 

October  10 . . . . 

October  11 

October  12 

October  13 

October  14 

October  15 

October  16 

October  17 

October  18 

October  19 • • 

October  20 

October  21 

October  22 

October  23 , •• 

October  24 

October  25 * 

October  26 

October  27 

October  28 


$ 43,300.00 

41.500.00 

44.800.00 
44,800.00 

44.800.00 

41.500.00 

41.500.00 

48.400.00 

59.400.00 

54.400.00 

54.400.00 

51.100.00 

50.100.00 

51.200.00 

41.400.00 

43.800.00 

41.700.00 

41.700.00 

42.200.00 

43.100.00 

43.500.00 

41.500.00 

41.800.00 

52.900.00 

52.900.00 

52.700.00 

50.900.00 

52.600.00 

53.600.00 

53.700.00 

51.800.00 

51.800.00 

53.400.00 

54.400.00 

51.600.00 

53.300.00 
58,000.00 

56.100.00 
56,100.00 

56.100.00 

61.200.00 
64,400.00 

64.400.00 

65.500.00 

66.500.00 

66.500.00 

52.100.00 

51.200.00 

59.900.00 

51.200.00 
51,200.00 
51,200.00 

51.200.00 

52.300.00 

52.300.00 

52.300.00 

51.400.00 

50.900.00 


70 


REPORT  OF  SPECIAL  COMMITTEE 


1910. — Continued. 


October  29... 

October  30... 

November 

1 

November 

2 

November 

3 

November 

4 

November 

5 

November 

6 

November 

7 

November 

8 

November 

9 

November 

10 

November 

11 

November 

12 

November 

13 

November 

14 

November 

15 

November 

16 

November 

17 

November 

18 

November 

19 

November 

20 

November 

21 

November 

22 

November 

23 

November 

24 

November 

25 

November 

26 

November 

27 

November 

28 

November 

29 

November 

30 

December 

1. 

December 

2. 

December 

3. 

December 

4. 

December 

5. 

December 

6. 

December 

7 . 

December 

8. 

December 

9. 

December 

10, 

December 

11. 

December 

12. 

December 

13. 

December 

14. 

December 

15. 

December 

16. 

December 

17. 

December 

18. 

December 

19. 

December 

20. 

December 

21. 

December 

22. 

December 

23. 

December 

24. 

December 

25. 

50, 9(10.00 

50.900.00 

51.000. 00 

51.500.00 

80.000. 00 

52.100.00 

52,100.00 

52,100.00 

52,100.00 

52,100.00 

52.100.00 

51.100.00 

51.100.00 

54.300.00 

51.300.00 

51.300.00 

52.600.00 

52.900.00 

53,000.00 

53,000.00 

52.300.00 

53,000.00 

53.000. 00 

51.400.00 

51.500.00 

61.500.00 

61,500.00 

61,500.00 

61,500.00 

61.500.00 

65.000. 00 

60.800.00 

60,800.00 

63.300.00 

65.300.00 

62.500.00 

62.500.00 

60.600.00 

63.600.00 

60.800.00 

64.300.00 

60.500.00 

60.500.00 
€0,500.00 

62.600.00 

63.000. 00 

61.000. 0U 

61.000. 00 

62.700.00 

60.500.00 

60.500.00 

63.500.00 

63.200.00 

62.200.00 

63.800.00 

61.300.00 

61,300.00 

61,300.00 


REPORT  OF  SPECIAL  COMMITTEE 


71 


1910. — Continued. 

• December  26 

December  27 

December  28 

December  29 

December  30 

December  31 


61.300.00 

61.400.00 

65.500.00 

61.300.00 

62.300.00 
62,300.00 


Total  daily  balances  for  1910,  $18,977,000.00,  divided  by  365  days 
gives  an  average  daily  balance  of  $52,992.00  on  which  the  state 
received  no  interest. 

If  the  same  had  been  deposited  in  state  depositories-  it  would  have 
earned  for  the  state  at  3 per  cent  $1,559.76. 

Total  loss  to  the  state  in  interest  for  the  years  1909  and  1910, 
$4,358.16. 

An  investigation  of  the  daily  cash  balances,  after  a visit  to  the 
First  State  Bank  of  Bowbells,  discloses  the  fact  that  the  same  con- 
sisted of  various  and  divers  time  certificates,  cashier’s  checks  and 
bank  drafts  issued  by  the  First  State  Bank  of  Bowbells,  Citizens 
State  Bank  of  Flaxton,  State  Bank  of  Surrey,  and  the  First  State 
Bank  of  Coteau. 

In  January,  1909,  the  First  State  Bank  of  Bowbells  was  not  desig- 
nated as  a state  depository. 

On  January  11,  1909,  state  monies  amounting  to  $25,827,43  was 
forwarded  to  this  bank  and  placed  to  the  credit  of  the  state.  On 
February  1,  1909,  $20,230.00  of  this  account  was  transferred  to  time 
certificate  Xo.  2477.  This  time  certificate,  and  the  renewals  thereof, 
was  carried  by  the  state  treasurer  as  a cash  item  continuously  to 
January  19,  1911.  On  April  10,  1909,  it  was  surrendered  to  the 
bank  and  the  following  certificates  issued  as  a renewal  thereof : Cer- 
tificates No.  2504,  2505,  2506,  and  2507  for  $5,000.00  each,  the  bal- 
ance of  $230.00  having  been  paid  by  draft  No.  20010,  on  Northwest- 
ern National  Bank  of  Minneapolis.  The  interest  on  time  certificate 
No.  2477  for  $20,230.00  amounted  to  $117.75  and  was  paid  by  the 
First  State  Bank  of  Bowbells  by  their  draft  No.  20011,  on  North- 
western National  Bank  of  Minneapolis  and  payable  to  G.  L.  Bick- 
ford. It  does  not  appear  that  the  state  received  credit  for  this  item 
of  interest. 

On  October  6,  1909,  the  above  mentioned  four  certificates, 
amounting  to  $20,000.00,  were  surrendered  and  time  certificate  No. 
2540  for  $20,000.00,  issued  in  renewal  thereof. 

On  March  24,  1910,  this  certificate  was  again  renewed  by  the 
issuance  of  certificate  No.  2640  for  $10,000.00  and  draft  No.  9,  on 
the  First  National  Bank  of  Fargo  for  $10,000.00. 

On  December  10,  1910,  certificate  No.  2604,  was  renewed  by  issu- 
ance of  certificates  No.  2695,  2696,  2697,  2698,  for  $2500.00  each, 
and  were  paid  on  January  19,  1911,  at  the  time  of  the  settlement 
with  the  incoming  treasurer. 


72 


REPORT  OF  SPECIAL  COMMITTEE 


Draft  No.  9,  for  $10,000.00,  issued  March  24th,  1910,  on  the  First 
National  Bank  of  Fargo,  was  forwarded  to  the  Northwestern. 
National  Bank  of  Minneapolis  and  placed  to  the  credit  of  the  First 
State  Bank  of  Bowbells  and  replaced  on  December  10,  1910,  by  time 
certificates  No.  2706,  2707,  2708,  and  2709  on  the  First  State  Bank 
of  Bowbells  for  $2500.00  each  and  carried  as  cash  items  by  the  state 
treasurer  until  January  19,  1911. 

On  April  6,  1910,  the.  treasurer  of  Barnes  county  remitted  his 
collections  for  the  month  of  March,  amounting  to  $15,438.11.  This 
remittance  consisted  of  three  drafts,  two  for  $5000.00  each,  and  one 
for  $5,438.11.  These  three  drafts  were  forwarded  to  the  First  State 
Bank  of  Bowbells,  which  issued  its  time  certificate  No.  2617  for 
$15,438.11.  This  time  certificate  and  the  renewals  thereof  were 
carried  continuously  by  the  state  treasurer  as  cash  items  until  Janu- 
ary 19,  1911.  Certificate  No.  2617  was  renewed  on  December  10, 
1910,  by  time  certificates  No.  2699,  2700,  2701,  2702,  2703,  for 
$2,500.00  each  and  certificate  No.  2704  for  $2938.11  and  carried  as 
cash  items  as  above  stated. 

On  March  24,  1910,  the  First  State  Bank  of  Bowbells  drew  its 
draft  No.  280  on  the  Second  National  Bank  of  Minot  for  $5000.00. 
This  draft  was  forwarded  to  the  Northwestern  National  Bank  of 
Minneapolis  and  placed  to  the  credit  of  the  First  State  Bank  of 
Bowbells  and  was  so  carried  by  said  bank  until  December  10,  1910, 
when  time  certificates  No.  2710  and  2711  for  $2500.00  each  were 
issued  to  G.  L.  Bickford  and  carried  by  him  as  cash  items  until  Janu- 
ary 19,  1911. 

On  September  26,  1910,  State  Treasurer  G.  1^.  Bickford  drew 
check  No.  5072,  for  $10,000.00,  on  the  First  State  Bank  of  Bow- 
bells. This  amount  was  charged  to  the  state  account  at  said  bank 
and  its  demand  certificate  No.  5*328  for  $10,000.00  payable  to  A.  B. 
Bickford  (cashier  of  said  bank)  issued  in  lieu  thereof.  This  de- 
mand certificate  was  carried  as  a cash  item  until  January  19,  1911. 

On  November  26,  1910,  the  state  treasurer  drew  his  check  No. 
5590  on  the  First  National  Bank  of  Fargo  for  $5000,00,  payable  to 
A.  B.  Bickford.  This  check  was  sent  to  the  First  State  Bank  of 
Bowbells  and  its  demand  certificate  No.  5366  for  $5000.00  was 
issued  to  G.  L.  Bickford  and  carried  by  him  as  a cash  item  in  the 
treasurer’s  office  until  January  19,  1911. 

On  December  10,  1910,  the  First  State  Bank  of  Bowbells  issued 
its  demand  certificate  No.  5377  for  $5000.00  to  G.  L.  Bickford.  It 
does  not  appear  in  the  bank  records  that  Mr.  Bickford  gave  any 
cash  consideration  for  the  issuance  of  this  certificate.  This  certifi- 
cate was  carried  as  a cash  item  in  the  treasurer’s  office  until  Tanuarv 
19,  1911. 

The  treasurer  of  Barnes  county  reported  the  January,  1909,  col- 
lections as  being  $16,569.87.  When  he  forwarded  his  statement  to 


REPORT  OF  SPECIAL  COMMITTEE 


73 


the  state  auditor,  the  report  was  accompanied  'by  drafts  in  payment 
thereof  as  follows : 

Draft  No.  3607  on  the  American  National  Bank  of  Valley  City, 
$4000.00  ; draft  No.  660  on  the  Bank  of  Valley  City,  for  $12,569. 87. 
These  drafts  were  turned  over  to  the  state  treasurer  by  the  state 
auditor.  The  treasurer  in  turn  forwarded  them  to  the  First  State 
Bank  of  Bowbells  and  received  back  a draft  on  the  Northwestern 
National  Bank  of  Minneapolis,  Minn.,  for  the  same  amount.  The 
funds  were  credited  to'  collections  and  the  draft  on  the  Northwestern 
National  Bank  was  carried  as  a cash  item  until  August  7th,  1909- 
when  it  was  deposited  in  the  First  National  Bank  of  Fargo. 

On  March  20,  1909,  the  treasurer  of  Barnes  county  reported  his 
collections  for  the  month  of  February  as  being  $15,220.55.  Accom- 
panying this  report  were  drafts  No.  3606  on  the  American  National 
Bank  of  Valley  City  for  $7000.00,  and  draft  No.  11142,  on  the  First 
National  Bank  of  Valley  City  for  $8,220.55.  These  drafts  were 
forwarded  to  the  First  State  Bank  of  Bowbells  on  March  24,  1909, 
and  draft  No.  19917  issued  on  the  Ngrthwestern  National  Bank  of 
Minneapolis  for  $15,220.55  payable  to  G.  L.  Bickford.  When  state 
auditor’s  draft  No.  9690  for  $15,220.55  was  turned  over,  to  the  state 
treasurer  the  same  was  credited  to  collections  and  the  draft  on  the 
Northwestern  National  Bank  of  Minneapolis  was  carried  as  a cash 
item  until  August  7,  1909,  when  it  was  deposited  with  the  First 
National  Bank  of  Fargo. 

On  April  8,  1909,  the  Barnes  county  treasurer  reported  his  March 
collections  as  being  $11,646.14.  Accompanying  his  report  were 
drafts  as  follows : No.  11180,  First  National  Bank  of  Valley  City 
for  $8,603.83 ; No.  3638,  American  National  Bank  of  Valley  City, 
for  $6,000.00.  The  two  items  include  in  addition  to  the  $11,646.14, 
$2,957.69  principal  and  interest  payments  on  land  contracts.  These 
drafts  were  turned  over  to  the  state  treasurer  and  were  forwarded 
by  him  to  the  First  State  Bank  of  Bowbells.  Said  bank  issued  their 
draft  No.  20025,  on  the  Northwestern  National  Bank  of  Minneapolis 
for  $11,646.14.  When  the  state  auditor’s  draft  No.  9576  for 
$11,646.14  was  turned  over  to  the  treasurer,  it  was  credited  to  col- 
lections and  the  Northwestern  National  Bank  draft  for  the  same 
amount  was  carried  as  a cash  item  until  August  7,  1909. 

On  February  3,  1909,  the  treasurer  of  Barnes  county  reported  his 
January  collections  for  principal  and  interest  on  school  land  con- 
tracts amounting  to  $25,215.26.  Accompanying  the  report  were 
drafts  as  follows : No.  3514,  American  National  Bank  of  Valley 
City,  $8,371.00;  No.  11060,  First  National  Bank  of  Valley  City, 
$8,372.01;  No.  11077,  First  National  Bank  of  Valley  City,  $101.25; 
No.  581,  Bank  of  Valley  City,  $8,371.00.  These  drafts  were  turned 
over  to  the  state  treasurer  and  by  him  forwarded  to  the  First  .State 
Bank  of  Bowbells.  On  May  15,  1909,  the  state  auditor  delivered 
his  draft  No.  9648  on  Barnes  county  for  $25,215.26.  This  was  cred- 


74 


REPORT  OF  SPECIAL  COMMITTEE 


ited  by  the  treasurer  to  collections  and  the  same  amount  appears  in 
the  cash  items  till  August  7,  1909,  at  which  time  it  was  deposited  in 
the  First  National  Bank  of  Fargo. 

The  above  mentioned  Barnes  county  collections  for  January,  Feb- 
ruary and  March,  1909,  amounting  to  $68,651.52,  was  carried  by  the 
state  treasurer  as  cash  items  from  the  time  they  were  received  by 
him  until  August  7,  1909,  the  state  thereby  losing  the  interest  at  3 
per  cent  for  this  period. 

EXAMINATION  OF  BANKS. 

With  one  lone  exception  the  officials  of  the  various  banks  exam- 
ined have  been  exceedingly  courteous  and  rendered  all  possible 
assistance  in  clearing  matters  of  interest  to  us.  The  exception  is  the 
First  National  Bank  of  Mandan,  which  positively  refused  to  allow 
an  examination  of  their  books  on  the  grounds  that  a certain  state 
official  carried  the  fees  derived  from  his  office  as  a personal  account 
and  covered  same  into  the  state  treasury  by  the  issuance  of  a per- 
sonal check,  and  that  your  committee  had  no  authority  to  examine  a 
personal  account.  Whether  the  First  National  Bank  of  Mandan 
refused  the  examination  on  purely  the  above  grounds  is  a question, 
for  it  is  an  established  fact  that  this  institution  paid  into  the  state 
treasury  on  August  24th,  1909,  $875.85  for  principal  and  interest  on 
exchange  charges  that  had  been  illegally  made  by  the  Commissioner 
of  Insurance  in  years  past  and  which  was  reported  on  by  a legislat- 
ive committee  that  submitted  .its  report  at  the  close  of  the  legislat  ve 
session  of  1909.  Can  it  be  possible  that  the  First  National  Bank  has 
been  paying  some  more  interest  and  does  not  want  the  taxpayers  of 
the  state  to  know  the  true  condition  of  affairs? 


RECOMMENDATIONS. 


By  legislative  enactment  the  state  treasurer  is  made  the  custodian 
of  all  the  investments  of  the  permanent  school  fund  and  other  insti- 
tution investments,  and  under  this  system  the  treasurer  makes  all 
collections  of  principal  and  interest  and  is  not  subject  to  check  by 
any  other  state  official  on  these  particular  account?.  We  belie/e  that 
the  laws  should  be  amended  so  as  to  transfer  all  investments  belong- 
ing to  the  state  into  the  hands  of  the  state  auditor.  Under  this 
method  the  collections  of  interest  coupons  and  principal  when  due 
could  be  turned  over  to  the  state  treasurer  for  collection  and  charged 
to  his  account,  thereby  giving  the  auditor  a full  check  on  the  state 
treasurer’s  office. 

There  is  no  record  of  the  trust  funds  of  the  mutual  insurance  com- 
panies and  other  companies  which  are  required  by  law  to  keep  a 
guarantee  fund  with  the  state  treasurer.  We  recommend  that  the 
necessary  books  be  procured  at  once,  the  same  to  correspond  with 
the  form  submitted  bv  this  committee  to  the  state  treasurer. 


REPORT  OF  SPECIAL  COMMITTEE 


75 


The  only  record  kept  at  the  present  time  covering  the  investments 
of  the  permanent  school  fund  and  other  state  institution  funds  is  an 
interest  coupon  register.  We  recommend  that  a regular  ledger  be 
opened  in  which  an  individual  account  be  kept  with  each  school  dis- 
trict that  is  a borrower  of  state  funds,  with  a controlling  account  as 
to  each  fund,  so  that  the  account  will  show  at  all  times  what  the  total 
investments  are  in  each  fund.  We  have  consulted  with  the  state 
treasurer  and  our  recommendations  meet  with  his  approval,  and  we 
have  been  assured  that  various  records  and  books  will  be  installed  in 
the  near  future. 


SUMMARY. 

Collections  overlooked  by  state  auditor : 

Stutsman  County,  collections  for  April,  1908 $ 95.00 

Richland  county  collections  for  April,  190'8 525.05 

Interest  collections  on  permanent  school  funds  during  1903 
and  1904,  received  by  D.  H.  McMillan,  state  treasurer, 

but  not  credited,  (paid  June  14,  1911) 240.00 

Interest  collections  on  permanent  school  funds  during  1905 

to  1908,  Albert  Peterson,  treasurer,  errors  and  omissions  65.00 
Interest  collections  on  permanent  school  funds  during  1900 

to  1910,  G.  L.  Bickford,  treasurer,  errors  and  omissions  28.33 
Loss  of  interest  to  the  state  in  the  handling  of  the  school 

land  principal  and  interest  collections 9,468.87 

Statement  showing  loss  of  interest  to  the  state  in  the  dila- 
tory method  of  covering  into  the  state  treasury  fees  re- 
ceived by  the  commissioner  of  insurance,  approximately  1,200.00 
Statement  showing  a refund  of  monies  illegally  charged  as 

exchange  by  the  commissioner  of  insurance 3,068.44 

Statement  of  loss  of  interest  to  the  state  caused  by  the  neg- 
lect  of  the  different  state  treasurers  in  failing  to  keep  all 
funds  in  state  depositories  : : 

D.  H.  McMillan,  1903,  average  cash  on  hand,  exclusive 

of  amounts  in  banks,  $271,906.00.  Loss  of  interest.  . . . 8,157.18 
Year  1904,  average  balances,  $113,463.00,  loss  of  interest.  3,403.89 


Albert  Peterson,  1905,  average  cash  balances  $15,700,  loss 

of  interest  471.00 

Year  1906,  average  cash  balances,  $10,897.00,  loss  of  in- 
terest   326.91 

Year  1907,  average  cash  balances,  $11,061.00,  loss  of  in- 
terest   331.83 

Year  1908,  average  cash  balances,  $27,000.00,  loss  of  in- 
terest   ± 810.00 

Statement  showing  receipt  by  Peterson  of  monies  received 
from  Andy  Jones,  for  maintaining  excessive  balances  in 


First  National  Bank  of  Rugby,  and  Barton  State  Bank.  . 4,720.00 


76 


REPORT  OF  SPECIAL  COMMITTEE 


G.  L.  Bickford,  1909,  average  cash  balances,  $93,280.00, 

loss  of  interest. 2,798.40 

Year  1910,  average  cash  balances,  $52,992.00,  loss  of  in- 
terest . 1,559.76 

Statement  of  refusal  of  First  National  Bank  of  Mandan  to 
allow  investigation. 

In  conclusion  we  wish  to  thank  the  various  state  officials  for  the 
many  courtesies  extended  us  during  our  examination  of  the  state 
treasurer’s  office.  Special  thanks  are  extended 'Major  T.  H.  Tharal- 
son,  deputy  treasurer;  Carl  O.  Jorgenson,  deputy  auditor,  and 
Deputy  Examiner  Roy  Nelson,  for  in  these  offices  the  major  portion 
of  the  work  was  done. 

Frank  E.  Ployhar,  Chairman. 

Harve  Robinson,  Secretary. 

D.  D.  Devine,  Accountant. 

It  has  been  impossible  for  Mr.  H.  W.  Allen  to  serve  as  a member 
of  this  committee  for  the  reason  that  shortly  after  the  adjournment 
of  the  legislative  session  he  was  obliged  to  serve  as  a member  of  the 
high  court  of  impeachment  during  the  Cowan  trial.  After  the  close 
of  the  trial  ill  health  and  business  reasons  have  prevented  his  serving. 


THE  LIBRARY  OF  THE 

JUL  It  ia'zi 

UNIVERSITY  OF  ILLINOIS 


